The Big 20,000 and then a significant retracement

The Dow Index has been on a staging rally since the US Election and is now over brought on a high time frame. I suspect will see what pundits call the breach of the 20,000 mark and maybe a tiny push beyond, but like most things and the start of the new year, I expect many institutes to start to profit take and for a retracement down to the 19,000 area.