Market Diary – Monday August 1, 2016

Directional Bias For The Day: Greater likelihood of a range bound day, with a down pressure On the 4-hour chart, S&P 500 future broke above a narrow rectangle trading box, which it was forming since July 13th Critical support levels for S&P 500 are 2171.49, 2165.70 and 2157.10 Critical resistance levels for S&P 500 are 2177.09, 2184.99 and 2192.90 European indices gapped…