A break above 5265 would warrant caution
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ remains set up to begin the [W4] correction as long as it remains below the 5265 peak.
There could be further upside to 5240, but that would expected to be sold with CPI escalating the higher degree decline.
A break above 5265 would warrant caution.
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Warning was sent that a bearish reversal was imminent and decline should solidify the higher degree [W4] correction has begun.
SPX should now remain below the 5265 peak to see its bounces get sold over multiple weeks until 4820 to terminate [W4].
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https://twitter.com/TriggerTrades/status/1777109036963336300
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