Despite concerns and volatility, SPX was up 1.39% this past week.
SPX also closed above its 2022 trendline for a second week.
The upswing from the March low looks corrective so far, unless a triangle wave four is in progress.
An interesting possibility is that there was a failure and we have an orthodox low to conclude an irregular flat since the Jan high (Chart 2 and 3, blue C(2).
