Morning Notes – Thursday June 21, 2018

Directional Bias For The Day: S&P Futures are lower; moving down since 10:00 PM; bouncing up since 5:15 AM; at 38.2% retracement of the decline from 2785.25 to 2762.00 Odds are for a down day – watch for break above 2771.50 for change of fortune Key economic data due: Unemployment Claims (218K vs. 220K est.) at 8:30 AM Philly Fed Manufacturing Index…