My chart work points to 1631 as the top on the NQ05H futs between next weeks open and jan 5th and the ES05H futs going towards new highs at 1219.75 area. I am thinking the nas will not make a new high just complete an abc corrective move back towards the highs and the spx will makes way to new highs above those seen today. After that my initial work points down in a large correction of some size, but a new high thereafter is expected for me in march or may thereafter. I will want to see the action of the coming two weeks to see if i buy puts or short positions and I will update my work on here accordingly.