Morning Notes – Wednesday, February 1, 2023

Directional Bias For The Day: S&P Futures are down a bit at 8:30 AM, drifting sideways to down around 4080.00 since 6:00 PM ahead of the FOMC rate decision and the press conference at 2:30 PM The odds are for a sideways to down day with elevated volatility – watch for a break above 4091.25…