Market Diary – Friday Aug 12, 2016

Directional Bias For The Day: S&P 500 future was almost unchanged before 8:30 release of Retail Sales data but declined four points post data-release On daily charts, S&P future is in an uptrend; on 2-hour timeframe, it is in a rectangle trading range; on 30-minute, it broke below an uptrend line and made first lower high and lower low since…