Morning Notes – Friday, May 26, 2023

Directional Bias For The Day: S&P Futures are higher at 9:00 AM. Futures have been drifting higher up since 3:45 AM – up more than 17 points. The odds are for an up day with a good chance of a sideways to down move from the pre-open levels around 4165.00 The major economic data reports…