Market Diary – Monday August 8, 2016

Directional Bias For The Day: S&P 500 future is drifting higher, following through on Friday’s gap-up open and a large range positive day On 2-hour chart, S&P 500 future broke above a rectangle trading range on Friday and is now testing the resistance-turned-support Critical support levels for S&P 500 are 2179.57, 2177.43 and 2168.79 Critical resistance levels for S&P…