Morning Notes – Thursday July 20, 2017

Directional Bias For The Day: S&P Futures are little changed to higher Drifting sideways since 7:00 PM on July 19 Breaking above 4:00 AM high of 2474.00 Odds are for an up day; watch for break below 2469.25 for a change of fortunes; Key economic data due: Unemployment claims (est. 245K) at 8:30 AM Philly Fed Manufacturing Index (est. 23.4) at 8:30 AM ECB Press…