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Reversal could have importance given Sentiment, cycles, Counter-trend Sells

Just past 2....  S&P has erased all its early gains, and now Negative along with NASDAQ while Russell , and TRAN have turned down on the day.  Breadth is flat to small negative. with about 3/2 volume into Declining vs Advancing issues.   Real estate making a big comeback today.. While Healthare and Staples also positive by nearly 0.50.. But the decline in Energy, Industrials, and Materials has served as a headwind for markets, and only 3 positive sectors now out of 11..-  As mentioned, there is a heightened chance of market trying to peak out this week.  a rare confluence of some countertrend sells among various sectors and indices and S&P in particular has a sweet spot of resistance just above 2800 which initially looks to have worked.  -  US 2yr yields have pressed up over 2.01% today. While 10yr has also rebounded from earlier decline in yields.. Bund yield still lingering at .56 bps.. Down .02bps on the day-  The Decline in the dollar continues to have positive implictaion for the metals and metals stocks and GDX is higher, and still looks to extend-  Overall, a down close would be interesting and different than what we've been seeing in recent weeks, so given the combination of a few bearish indications for a possible peak, it's necessary for the bulls to forge ahead and close back at the highs , as a negative close would be more negative heading into the balance of this week-  Note, relative charts for Staples have tried to bottom out. And this looks to be an area to favor in the short run..   While avoiding the Discretionary, Financials, Tech areas- at this point.  2790 has been breached.. So last Friday's lows of 2766 will have importance