The structure is trying to break and a confirmation below 22,595 would test pivot low at 22,065. The bearish engulfing candle from Tuesday is in charge for now and only a close above 22,785 will negate.
It’s a tiny consolidation from a massive rally but Powell’s speech yesterday changed market perception that the FED didn’t care (or it wasn’t in their mandate - it isn’t) about equity prices. Not much they could do apart from raise rates, but in their minds a stock market bubble is inflationary.