If its complete we can expect a sharp thrust up on 12/5/16. If so the rally may not last very long or go very much above 19225.
The SPX and Nasdaq would likely rally with the DJIA and probably fail to confirm the DJIA new high.
Watch the DJIA , SPX and Nasdaq. A DJIA unconfirmed new high on 12/5/16 could be a terrific shorting signal.
Your Dow analysis in this post spurred me to update the Dow 4 hour chart, as well as the SDOW (Pro Shares 3X Short ETF on the Dow)
I will be looking to establish an initial small short position in SDOW on 12-5, if price retests the all time low of 11.19 on 11-30.
That would correlate with a move up to 19225.29 in the Dow, last weeks historic high.
Dow could open down on 12-5 and then move up to a double top high of 19225.
A breakout above 19225 would open up another break out move higher.
Can DOW 20000 be far away, perhaps by the end of 2016 ?
Quite a number to bring the public in in mass for the beginning of 2017, and the Trump Presidency inauguration. Dow 20000. Ha.