Morning Notes – Friday June 16, 2017

Directional Bias For The Day: Futures are higher Moving sideways since 8:00 PM on June 15 In the middle of a horizontal channel on 30-minute chart Odds are for a sideways day with an up bias; watch for break below 2431.00 for change of fortunes Key economic data: Building Permits (est. 1,25M) at 8:30 AM Housing Start (est. 1.23M) at 8:30 AM Prelim UoM Consumer Sentiments (est. 97.2) at 10:00 AM Markets Around…