Morning Notes – Monday May 18, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for an up day with good chance of sideways to down move from pre-open level near 2925.00; elevated volatility – watch for break below 2890.00 for change of fortune Key economic data due: NAHB Housing Index ( 35 est.; prev. 30) at 10:00…