The now closed the day and the week above its August 2022 high while SPX is more than 7% shy of its August high.
The larger price structure remains the same.
On the bearish side, the current upswing may be a part of a bearish flat, bearish expanding triangle or bearish contracting triangle, to conclude a corrective B wave.
On the bullish side, the current upswing has commenced a larger-degree wave (possibly wave five) to new highs, or the final leg of an expanding triangle to finish the blue [b]-up of 4-down. Note that in the latter case, the subsequent blue [c]-down of 4-down does not need to exceed the October low.