Market Diary – Thursday August 4, 2016

Directional Bias For The Day: Higher probability for a range bound day with an upward pressure On 2-hour chart, S&P 500 future is bouncing off the lower limit of a rectangle trading range and has broken above a down trend line since Aug 1st high Critical support levels for S&P 500 are 2156.30, 2147.58 and 2136.62 Critical resistance levels for S&P 500 are 2170.20…