Morning Notes – Tuesday, October 25, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; moving up and down since 5:00 AM between 3804.25 and 3790.00; The odds are for a sideways to a down day with elevated volatility – watch for a break above 3804.25 and a break below 3790.00 for clarity The key economic data report…