Morning Notes – Thursday May 6, 2021

Directional Bias For The Day: S&P Futures are little changed The odds are for a sideways day with elevated volatility – watch for a break above 4169 and a below 4156.75 for clarity Key economic data report due during the day: Unemployment Claims ( 498K vs. 540K est.; prev. 553K) at 8:30 AM Prelim Nonfarm…