Morning Notes – Wednesday, May 4, 2022

Directional Bias For The Day: S&P Futures are a bit higher at 9:15 AM; drifting lower since 7:15 AM high of 4191.00 The odds are for an up day with elevated volatility – watch for a break below 4167.75 for a change of fortunes Key economic data report due during the day: Trade Balance (…