Morning Notes – Friday, December 16, 2022

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; drifting sideways to up since 3:45 AM around 3885.00 The odds are for a down day with a good chance of a bounce from the pre-open levels around 3885.00; elevated volatility – watch for a break above 3896.50 or a break below 3871.25…