Market Diary – Tuesday August 2, 2016

Directional Bias For The Day: Futures are facing down ward pressure On 4-hour chart, S&P 500 future is back within a narrow rectangle trading box; on 30-minute chart its is forming a descending triangle and is hugging its lower limit Critical support levels for S&P 500 are 2166.21, 2159.70 and 2153.19 Critical resistance levels for S&P 500 are 2178.29, 2183.86 and 2189.43…