Morning Notes – Monday, May 22, 2023

Directional Bias For The Day: S&P Futures are a little higher at 9:00 AM. Futures have been moving sideways since 6:00 PM on Sunday, forming a slight upward-sloping flag. Awaiting debt ceiling negotiation resolution The odds are for a sideways to a down day – watch for a break above 4210.50  or a break below…