Morning Notes – Tuesday August 3, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideways to a down day from pre-open levels around 4390.00  — watch for a break above 4397.25 and a break below 4381.00 for clarity Key economic data report due during the day: Factory Orders ( 1.0% est.; prev. 1.7%) at 10:00…