Morning Notes – Thursday May 24, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 5:00 AM after making a double top Odds are for a sideways to down day with increased volatility – watch for break above 2733.23 and below 2720.25 for change of fortune Key economic data due: Unemployment Claims (234K vs. 220K est.) at 8:30 AM Existing Home Sales…