We came 4 points off the Feb lows. Now, whether this is a retest or a fake before breaking it only time will tell. For now we bounced off the 1.5 extn target. I had earlier thought that the 2559/2544 area might hold. Anyways, for now ES has been within the down trend channel but today it broke down. Whilst the this is still sell rallies till proven otherwise, that level of confidence in my opinion will likely be on a close above 2660 as of today. Technically, only above 2716 or so does this begin to look bullish. for now immediate hurdles are the 2570 area, then 2584 and then 2617 or so. 2570 if this is headed back down might be a good short entry