Morning Notes – Wednesday January 30, 2019

Directional Bias For The Day: S&P Futures are higher; moving higher since 2:30 PM; breaking above an ascending triangle on 30-minute chart Daily and weekly trends are down Odds are for an up day with elevated volatility – watch for break below 2644.75 for change of fortunes Key economic data due: ADP Non-Farm Employment Change (est. 180K; prev. 271K) at 8:15 AM Pending Home Sales (est.…