1270 resistance kept a cap on yesterday/overnight's gains, far below March's prior high at 1284 and prior high resistance at 1276. I would have expected those levels to have been challenged on a genuine shift in sentiment rather than a simple re-pricing. We're also seeing negative divergence forming b/w yesterday's cyclical top and a crossover. I think you can short to 1255 support from early February. From there, price action will dictate the next direction of the next leg.
Keep in mind this is only an hourly chart, so adjust your trade horizon, accordingly.