US stocks fill the gap for a buying opportunity before markets soar

1. Emini S&P June made a low for the day exactly at the buying opportunity at 5377/5340. The low & high for the last session were 5355 - 5541. (To compare the spread to the contract you trade).

2. Emini Nasdaq June longs in the buy zone at 18620/18510 worked perfectly with a low for the day here before a 550 tick recovery. Last session high & low were: 18595 - 19418.

3. Emini Dow Jones June filled the gap at 39695 - 39449 for a buying opportunity. Last session high & low for the last session were: 39408- 40408.

Emini S&P June futures

• Emini S&P half filled the gap at 5377/5340.

• As I stated yesterday: It does not have to be filled - a breakaway gap is a very positive signal in a rising market.

• So holding above here is a buy signal again for today & a break above 5430 is another buy signal (again) targeting 5500/5510.

• This all worked out perfectly with a low for the day at 5355 & an immediate 150 tick jump to our target of  5500/5510.

• Resistance at 5525/35 so a break above 5540 is a buy signal targeting 5570/75.

• There is only minor support at 5500/5490 so be aware that a move below 5480 risks a slide to an excellent buying opportunity at 5450/40 & longs need stops below 5430.

• A bounce from here could retest 5525/35 so there is excellent profit potential.

Nasdaq June futures

• Emini Nasdaq I wrote yesterday:

• We have a gap to fill at at 18620/18510. It does not have to fill & again it could be a breakaway gap.

• Or it may fill & act as support so we could rally once it is filled.

• This proved to be correct with a low for the day at 18595.

• We immediately hit my 1st targets of 18720, 18850, 18950 & 19050/19150 offering huge profits of up to 550 ticks.

• I wrote yesterday: On a break above yesterday's high look for 19340/380.

• This target was also achieved & if you held some of your position there was an additional 300 ticks profit for a total of 850 ticks on the day.

•  As I write we are trying a break above 16340/380 & if this is sustained we can target 19500/500, 19700/750 & even 19850/900 is possible.

• Support at 19380/340 & longs need stops below 19280.

• Below here risks a slide to support at 19170/130. Longs need stops below 19000.

Emini Dow Jones June futures

• Emini Dow Jones reversed to test the gap at 39695 - 39449.

• We wrote: A bounce from the gap targets 39830/880 then 40030/40080. If we continue higher look for 40280/310 & 40500/40600 again.

• We have hit all targets as far as 40280/310 & I am looking for a retest of this week's high at  40500/40600 today.

• A break above 40600 is a buy signal targeting 40700/720 & even 40950/41000 is possible.

• First support at 39900/39800 today & longs need stops below 39700.