Morning Notes – Thursday, January 5, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; drifting lower since 7:30 AM; the down pressure increased following the ADP report and Unemployment Claims; broke below an uptrend line on the intraday chart The odds are for a down day with elevated volatility – watch for a break above 3879.75 for…