Market Diary – Friday August 5, 2016

Directional Bias For The Day: S&P 500 future is drifting higher, maintaining a trend that started at 1:00 PM on August 2nd. On 2-hour chart, S&P 500 future is rising toward the upper bound of a rectangle trading range Critical support levels for S&P 500 are 2159.07, 2152.56 and 2147.58 Critical resistance levels for S&P 500 are 2170.20 and 2178,48 Early…