Morning Notes – Tuesday January 7, 2020

Directional Bias For The Day: S&P Futures are lower; price is arching own on 30-minute charts The odds are for a down day with elevated volatility – watch for break above 3247.25 for change of fortune Key economic data due: Trade Balance ( -43.1B vs. -44.5B est. ; prev. -46.9B ) at 8:30 AM ISM…