Market Diary – Tuesday July 19, 2016

Directional Bias For The Day: The futures are directionless, but with slight downward pressure The 30-minute chart of S&P 500 future is showing a descending triangle Critical support levels for S&P 500 are 2155.79 and 2146.21 Critical resistance levels for S&P 500 are 2170.28 and 2179.00 ; Early morning futures price action is little move to the downside – at 8:30 AM, S&P…