Morning Notes – Thursday October 19, 2017

Directional Bias For The Day: S&P Futures are lower Moving lower since 2:00 PM on October 18; new leg down 2:00 AM; bounced to 38.6% Fibonacci retracement level Odds are for a down day – watch for break above 2552.50 for change of fortunes Key economic data due: Unemployment Claims (227K vs. 240K est.) at 8:30 AM Philly Fed Manufacturing Index (27.9 vs. 21.9 est.)…