Market Diary – Monday Aug 22, 2016

Directional Bias For The Day: The futures are lower after testing the resistance created by NYSE session’s last hour high on Thursday, Aug 18 2016 at 5:00 AM The S&P 500 future are at the lower bound of an ascending triangle on 30-minute charts Odds are high for a sideways or a down day – break above 2185.00 by S&P…

S&P 500: 65 Thousand Feet View

Monthly Chart Analysis Current Status: Last Updated on Thursday November 03, 2016 Current Trend: Uptrend Under Pressure Last Pattern: Rectangle (broken in Apr-13) Current Streak: 3 Down months Last Six Months 3 Up months Last High 2193.81 in August 2016 High Month Low Month Last Swing 2116.48 Feb-16 1810.10 Nov-16 Previous Swing 2134.72 May-15 1867.01 Aug-15 Pivot:…