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ES #F in pullback?

As expected the ES continuous contract pulled back to the 2283 area. A pullback to test the top of the previous trading range at 2277 is also possible. Price action shows n potential sling shot to the upside, where the long term (black line) did not follow the medium term (blue) and short term (red) line down to the oversold area. The volume oscillator shows some buying pressure coming in (cyan line turning up). For our outlook to turn bearish a close below 2252.25 is needed. The current Wyckoff wave down in progress still show a lot of volume with not so great result (point move). The previous down wave has moved 21 points with volume of 1.51 million, whilst the current move is only 18.5 points with much higher volume of 2.07 million.