Market Diary – Thursday Aug 11, 2016

Directional Bias For The Day: S&P 500 future is drifting higher; good chance of an up day On 2-hour timeframe, S&P 500 future is back in a rectangle trading range; it broke above one August 5th and then fell back into Wednesday before breaking above again in early Thursday trading Critical support levels for S&P 500 are 2172.00, 2168.79…