Morning Notes – Wednesday February 7, 2018

Directional Bias For The Day: S&P Futures are lower Bouncing off the lows and forming a down-sloping flag Broke above a horizontal channel on 6-minute at 6:30 AM; the 161.8% extension target is near 2691.00 Broke above a symmetrical triangle on 6-minute chart; 100% extension target near 2688.00 is achieved Odds are for an up day with increased volatility –…