Directional Bias for the Day: S&P Futures are moving within a trading range between 4263.25 and 4246.50 since Tuesday’s NYSE close. The odds are for a sideways day – watch for a break above 5263.25 or a break below 5246.50 for clarity. The major economic data report due during the day: ADP Non-Farm Employment Change…

Directional Bias for the Day: S&P Futures are lower at 9:00 AM. Broke below support levels at 5282.25 at 6:30 AM after moving within a horizontal channel since Monday morning. At 8:30 AM futures broke below another support level at 5263.00. The odds are for a down day with elevated volatility – watch for a…