Morning Notes – Wednesday May 13, 2020

Directional Bias For The Day: S&P Futures are unchanged; moving down since 7:45 AM from 2876.75 broke below an upsloping flag on 15-minute chart The odds are for a down day with elevated volatility – watch for break above 2876.75 for change of fortune Key economic data due: Core PPI ( -0.3% vs. -0.1% est.;…