Morning Notes – Thursday May 4, 2017

Directional Bias For The Day: Futures are higher Moving up since 10:30 AM on May 3; at the upper limit of a horizontal channel on 30-minute chart Odds are for an up day; watch for break below above 2384.75 for change of fortunes Key economic data: Unemployment claims – at 8:30 AM Prelim Nonfarm Productivity and Prelim Labor Cost – at 10:00 AM Markets…