Morning Notes – Friday, August 5, 2022

Directional Bias For The Day: S&P Futures are sharply lower to the 4105.00 level at 8:50 AM following the Non-Farm Payroll report after moving between 4166.25 and 4146.50 from 1:00 PM on Thursday to 8:30 AM The odds are for a down day with elevated volatility – watch for a break above 4136.00 for a…