Morning Notes – Wednesday July 29, 2020

Directional Bias For The Day: S&P Futures are higher; The odds are for a sideway day – watch for a break above 3236.50 and break below 3204.50 for clarity Key economic data due: Good Trade Balance ( -70.6B vs. -75.5B est.; prev. -74.3B) at 8:30 AM Prelim Wholesale Inventories ( -2.0% vs. -0.4% est.; prev.…