Morning Notes – Monday May 5, 2020

Directional Bias For The Day: S&P Futures are lower; trending sideways to up since 8:30 PM The odds are for a down day with good chance of sideways to up move from pre-open levels around 2800.00 – watch for break above 2821.50 for change of fortune Key economic data due: Factory Orders ( -9.2% est.;…