The following daily chart of the SP500 shows we are slightly above the 127.2% extended retracement. I'm still short but will cover at 1476.
At this point I should mention Jan 25 appears to be an interesting time. Cycle wise it is on a 8 td cycle, an 18 td cycle and a 161 td cycle. In addition there is a Venus quintile Uranus aspect. This aspect is often near a short term high then down. It also has the Sun trine Jupiter. This is the trine that always occurs approx 5 to 6 days before Jupiter turns direct motion.