Morning Notes – Wednesday, January 25, 2023

Directional Bias For The Day: S&P Futures are lower at 9:00 AM; broke below a Double Bottom low – the 100.0% extension target near 3986.00 is achieved, and the 161.8% extension target is near 3980.00 The odds are for a down day with elevated volatility – watch for a break above 3998.00 and a break…