After trend building up, S&P appears to be bounded by the 2 lines, dart-triangle shape pattern. Break-through upward could reach 5,060 according to the chart shown, which is also one of the F-retrace mark above. Rationales to support upward break-through include: (1) interest rate is to be maximized soon given some of the economic KPIs are supporting healthy inflation expectation, (2) the recent trend looks like S&P is now in wave 3 (after stabilized in wave 2).