S&P 500 Counter Trend Likly to Terminate at the 50 % Retracement

The S&P 500 is coming up again stiff resistance at the 2800-2850 area. It could terminate the counter trend rally to test March 23 low. I will attempt to flip the trade from long to short at that area.
Chart PatternsTechnical IndicatorsS&P 500 (SPX500)Trend Analysis

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