Market Diary – Thursday Aug 18, 2016

Directional Bias For The Day: S&P 500 futures are drifting lower after making day’s high at 3:00 AM Odds are high for a sideways or a down day – break above 2182.75 will be a power-buy setup and bullish for the day On the 2-hour chart, S&P future broke above a short-term trend line on Wednesday but is retracing;Critical support levels for…