They both have been trading for some time now inside a diamond formation that can be observed on the daily/weekly charts.
The ES one demonstrates it has penetrated the lower right side and will most-likely head down with a minimum objective target @ 1127 points. However, I truly believe it will head much, much lower.
The EDJI has not been broken yet, however it will probably take out the right side lower trend line very soon. The minimum objective target for e-DJI is @ 10376 points.
The e-DJI is also developing what could become a huge diamond on the monthly chart. In this case, this index could go down towards around 9000 points in the following years before it picks up some long-term bullish momentum again. For this level to be reached, it could take some 2.5-3 years. But it seem a very likely scenario
Here are the charts.
The ES showing the diamond formation on the daily chart. The MOT is around the 1127 area. However, it could go much lower.
Similar picture at the e-mini DJI. MOT is the dotted line. Prices could go as low as the 9000 points in a few years time.
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