Morning Notes – Friday January 4, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 7:30 PM on Thursday; Daily and weekly trend is down Odds are for an up day with choppiness and elevated volatility – watch for break below 2470.75 for change of fortune; Key economic data due: Non-Farm Employment Change (312K vs. 179K; 155K Prev.) at 8:30 AM Average Hourly…