Simple comparison between TIP and SPY - ominous looking

A simple comparison between TIP and SPY line charts. Had always known that TIP is one of the leading indicator for the S&P500 index (and ETF is SPY). Previous heads up shown with the lag denoted by the white boxes.

Key takeaway here is that TIP had went past the last low, and is pushing down lower, while the SPY is hovering and IF it is to keep the co-related relationship, it does suggest a lower low for the SPY!
A similar time previously occured in September 2018; and twice in 2022 - January & March

So... how do you think this September-October would turn out?