Market Diary – Wednesday Aug 17, 2016

Directional Bias For The Day: S&P 500 future is unchanged but the odds are high for a down day On 2-hour chart, S&P future is at a support level and has broken the uptrend line since August 2nd; on Tuesday it made a lower high but hasn’t made a lower low yet; Critical support levels for S&P 500 are 2175.72, 2172.00, and 2165.52 Critical…