Quite possibly a short term peak on the Echo high but more substantial peaks are scheduled for the 13th and the 27th December from looking at the T structure. New Year could be a major high because it is projected from where the previous (Brexit) T structure starts to collapse and if you look back at the Brexit T Structure that is what happened then.
A series of further highs are projected for January and February but these may not necessarily be higher highs, as we may need some larger pullbacks inbetween.
It looks to me that the market is heading towards the long term trend line currently at 2275, 2285 by New Year, and that Goldman's 2400 target for the 1st quarter of 2017 now dosent seem unacheivable.
In the meantime, and whilst everyone gets so excited about a Dow Jones Buy Signal, we have an extremely overbought and potentially dangerous situation with some very mixed signals.
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational & entertainment purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.