Morning Notes – Wednesday July 12, 2017

Directional Bias For The Day: Futures are higher Drifting up since 11:30 PM on July 11; broke above a downtrend time from 3:30 PM high on July 10 Finding resistance near 2429.00, which was previous support; triple top being formed Odds are for a sideways to up day; watch for break below 2422.50 for a change of fortunes; Key economic data due: Fed Chair Yellen’s…