Market Diary – Wednesday July 20, 2016

Directional Bias For The Day: The futures are showing an upward bias On 30-minute chart, S&P 500 future broke above the downtrend line beginning from 5:30 AM on July 14; in the process it turned an emerging descending triangle to a symmetric triangle Critical support levels for S&P 500 are 2159.00, 2155.79 and 2146.21 Critical resistance levels for S&P 500 are 2176.52, 2179.00 and…