S&P Now Retraced 50% of the FOMC Breakout

The index has now retraced 50% of the FOMC daily breakout... The 50-61% retracement is typically considered the buy zone.

Do buyers step in here, or will price offer a full retest of the prior breakout point near 5255?

That is the main watch early this week.
Chart PatternsTrend Analysis

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