Morning Notes – Tuesday October 16, 2018

Directional Bias For The Day: S&P Futures are higher; moving higher since 6:00 PM on Monday A symmetrical triangle is forming on 30-minute chart; a break above 2775.00 wil be bullish and a break below 2755.00 will be bearish Odds are for an up day with increased volatility Key economic data due: Industrial Production (est. 0.2%) at 9:15 AM Capacity…