Morning Notes – Thursday, July 6, 2023

Directional Bias For The Day: S&P Futures are lower at 8:30 AM. Trending down since 11:00 AM on Wednesday; broke below an upsloping flag at 7:30 AM – the 61.8% extension target near 4448.00 is achieved and the 100% extension target is near 4437.25 and 161.8% is near 4418.00 The odds are for a down…