A good recovery in stock markets after a small correction

Emini S&P September futures

Emini S&P shot higher from the buying opportunity at 6245/35 through minor resistance at 6275/6280 as predicted to the next target of 6295/99.

The break above 6305 suggests further gains towards 6315/18 (hit in the afternoon )before a retest of the new all time high at 6330/6333 (probably before the end of the week).

A break higher this week (or close above here tomorrow night) can target 6352/55 & 6365/67.

Eventually 6377/80 & even 6390 is possible.

We should have support at 6287/83 & again at 6260/55.

Nasdaq September futures

Emini Nasdaq made a low for the week a little above my buying opportunity at 22730/690 in a small downside correction.

We wrote: I assume bulls will go for a retest of 23000/23100 today or tomorrow.

That target was quickly achieved yesterday as predicted.

On a break higher this week's targets are 23150/155, 23220/230 & 23300/310.

Eventually we can reach as far as 23350/370 & 23410/430 with 23500/510 certainly not out of the question.

Watch for that buying opportunity at 22730/690 & longs need stops below 22580.

Emini Dow Jones September futures

Emini Dow Jones made a low for the day exactly at my buying opportunity at 44430/44360.

Longs worked perfectly as we shot higher to retest the all time high at 44814/45176.

A break higher tests the trend line joining the all time high peaks from early December to late January at 45350/400.

Bulls need a break above here for a new buy signal initially targeting 4500/530 & 45960/46000.

Above here look for 46450/500 & 46860/890.

A buying opportunity again at 44430/44360 & longs need stops below 44250.