Morning Notes – Thursday May 21, 2020

Directional Bias For The Day: S&P Futures are lower; moving up since 6:00 AM from 2943.40 to above 2960.00 The odds are for a sideways to an up day with elevated volatility – watch for break below 2941.50 for change of fortune Key economic data due: Unemployment Claims (438K vs. 2400K est.; prev. 2981K) at…