SPX should be further upside to 5240
No change as SPX remains set up to begin the [W4] correction as long as it remains below the 5265.
There should be further upside to 5240, but that would expected to be sold before escalating the higher degree decline.
A break above 5265 would warrant caution and bring uncertainty with CPI tomorrow.
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We were expecting price to produce a rally from 5173-5168 support
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ bounced there then bursted 30-35 points higher from that support
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https://twitter.com/TriggerTrades/status/1777868599962583095
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