Morning Notes – Friday January 12, 2018

Directional Bias For The Day: S&P Futures are higher; moving up after sharp decline at 8:30 AM to negative Below a down trend line from the high Odds are for an up to sideway day – watch for break above 2774.50 and break below 2766.75 for change of fortunes Key economic data due: CPI (0.1% vs. 0.1% est.) and Core CPI (0.3%…