SPY remains in its consolidating wedge and is close to retesting the trend line from the February highs. Both of these structures will likely keep SPY contained, so only very limited upside is likely from this point forward.
There is significant ongoing rotation into the mega-caps (AAPL, for instance) while the rest of the broader markets continue to look weak. This is the operating procedure from the manual on rug-pulling.
I expect the markets to deteriorate very significantly, very soon. Best guess is a day or two at most.