Morning Notes – Thursday August 19, 2021

Directional Bias For The Day: S&P Futures are lower The odds are for a down with elevated volatility; good chance of sideways to up move from pre-open levels around 4355.00 — watch for a break above 4373.25 Key economic data report due during the day: Unemployment Claims  348K vs. 362K est.; prev. 377K) at 8:30…