Morning Notes – Wednesday October 17, 2018

Directional Bias For The Day: S&P Futures are lower; moving lower since 3:00 AM after making a high of 2821.00 a bearish divergence on 30-minute and 120-minute timeframes Odds are for a sideways and choppy day with good chances to go or down; elevated volatility Key economic data due: Building Permits (1.24M vs. 1.27M est.) at 8:30 AM…