Market Diary – Tuesday July 26, 2016

Directional Bias For The Day: Greater likelihood of a range bound day with high pressure for market to decline The 4-Hour chart of S&P 500 future is showing a narrow rectangle trading range since July 13th, bounded between 2173 and 2153 Critical support levels for S&P 500 are 2159.75, 2155.79 and 2146.21 Critical resistance levels for S&P 500 are 2173.71, 2179.81…