Morning Notes – Thursday August 5, 2021

Directional Bias For The Day: S&P Futures are higher; The odds are for an up to a sideways day from the pre-open levels around 4400.00  — watch for a break above 4408.25 and a break below 4391.25 for clarity Key economic data report due during the day: Unemployment Claims ( 385K vs. 382K est.; prev.…