Morning Notes – Monday July 16, 2018

Directional Bias For The Day: S&P Futures are little changed to down; moving sideways with down bias since 10:30 AM on July 13 Odds are for a sideways day – watch for break above 2804.00 and below 2800.00 for clarity Key economic data due: Retail Sales (0.5% vs. 0.4% est.) at 8:30 AM Core Retail Sales (0.4% vs. 0.4% est.) at 8:30 AM Empire State…