2013/12/24 - S&P 500 almost at 1.27 fib extension

The S&P500 is almost at its 1.27 fib extension (2007-2009).
This value on the ES is 1839. This mean another 0.6% increase before reaching this point.
I added an indicator to show the deviation from the 55EMA. This deviation is very big.
I think it is unlikely not to see any good correction in January.