US stock markets hit buying opportunities on the data release

1. Emini S&P SEPTEMBER made a low for the day exactly at support at 6245/35 & longs worked perfectly on the recovery to 6308. Last session high & low were: 6241 - 6308. (To compare the spread to the contract you trade).

2. Emini Nasdaq September held support at 22800 as predicted. Last session high & low were: 22835- 23100.

3. Emini Dow Jones September made a low for the day at my target of 44000/43900 as predicted. Last session high & low for the last session were: 43973 - 44481.

Emini S&P September futures

• Emini S&P up one day, down the next day in the 9 day sideways trend.

• Further gains today can target 6330/6333 before a retest of 6340/6343.

• A break above here can target 6352/55 & 6365/67.

• Eventually 6377/80 & even 6390 is possible.

• We should have support again at 6245/35 & longs need stops below 6225.

Nasdaq September futures

• Emini Nasdaq break higher hit this week's targets of 23150/155 & 23220/230 with a high for the week exactly at this price.

• However gains could not be sustained and we moved back into range formed in the first 2 weeks of July.

• I fear we will continue to range trade and could dip to support at 22800....which we did yesterday as expected.

• I have little doubt that buyers will be jumping in on the dip (and we made a low for the day at 22835 in fact...But if we continue lower today we could target support at 22650/550.

• Longs need stops below 22450.

• Of course we are in a bull trend so a break higher is always possible targeting 23300/310.

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

Emini Dow Jones September futures

• Emini Dow Jones dipped to the downside target of 44000/43900, with a low for the day as predicted & this will be support again today.

• Longs need stops below 43750.