Retest of pivot point

If S&P were to move cleanly back on top of 1447.50 then there would be a better than even chance that this leg down side is over (temporary). The danger is that this action is only a retest, since near-term trend was down, it would take clean move above 1447.50 to take some of the pressure off the down side. Look to short if we hit to 1447.50 (hit in futures 1447.25) and go lower.