Morning Notes – Monday, May 15, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been declining since 7:30 AM – down more than ten points. The odds are for a sideways to a down day from the pre-open level around 4146.00 with elevated volatility – watch for a break above 4155.25 for a change in…