Morning Notes – Wednesday February 28, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 10:30 PM on Tuesday Competing patterns in play – bullish inverse head-&-shoulder pattern on 30-minute chart and bearish engulfing on daily chart and an up-sloping flag on 30-minute chart; resistance to overcome between 2764.00 and 2770.00, i.e. between 50% and 61.8% retracement of bearish engulfing candle Odds are…