Dow Jones runs into thanksgiving profit-taking from new record high

As reported on here yesterday, the Dow Jones lifted above 45k for the first time ever. However, it was unable to build on that and spent the rest of the session falling back into the close. Despite early rotation out of tech in its favour, it was eventually dragged lower and fell back from new all time high at 45,003 to 44,690. It later closed 138 points lower, at 44,722. That lower close was not strictly technically negative though, because officially the index did not open higher. Of course the index will not be open later today, but the index futures are still trading and right now they are pointing to a slightly higher opening on Friday. That is going to chop and change a good deal before 2.30pm GMT tomorrow. Perhaps the more relevant thing to assess, is how much higher can this index go in the run up to Christmas? More to add on that in due course and the prospect (or not) of a Santa rally this year.