SPX Breakout Alt

Importance surrounding 5225 area on SPX requires an alternative to a longer consolidation wave (presented in my prior idea). If 5225 is accepted as support, then we have an ATH breakout possibility with a measured move to ~5360. If we do not consolidate further then it is less likely to make a full measured move higher. An overthrow high, or series of overthrow highs, could occur. CPI next week hopefully offers an entry in either the bullish or bearish direction.