Morning Notes – Friday February 2, 2018

Directional Bias For The Day: S&P Futures are lower Broke below a horizontal channel on 30-minute chart and achieved 61.8% extension; 100% extension target is near 2788.75 Odds are for down day with increased volatility – watch for break above 2813.00 for a change of fortunes Key economic data due: Non-Farm Employment Change (200K vs. 181K est.) at 8:30 AM Average Hourly Earnings (0.3%…