Morning Notes – Friday October 20, 2017

Directional Bias For The Day: S&P Futures are higher Drifting down after rising sharply to 2571.75 during early Asian session; bouncing from Fibonacci 61.8% retracement level near 2464.00 Odds are for an up day – watch for break below 2463.75 for change of fortunes Early session trading could be choppy Key economic data due: Existing Home Sales (est. 5.30M) at 10:00 AM…