The S&P 500 e-mini is showing the index inside a triangle formation in the 30-60 min time frames. The main diagonal is pointing up. Therefore it suggests it being a continuation pattern.
Pretty much the same can be said abot the e-DJI. We could see the future index as low as 9750 points sooner than expected.
I wouldn't be surprised to see further yearly expansion south since the Dow changed the main move of the year to down last week. A good extension is expected.
The e-DJI consolidation: 9750could be within range pretty soon.
ES 30 min chart: further slide is also expected.
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