Morning Notes – Thursday July 18, 2019

Directional Bias For The Day: S&P Futures are lower; mostly moving down since 8:00 AM on July 16; up-sloping bearish flag since 9:00 PM The odds are for a down to sideways day – watch for break above 2993.25 for change of fortune Key economic data due: Philly Fed Manufacturing Index ( est. 5.0 ;…