CPI came in a little below expectations yesterday, meaning the meltup is continuing toward our upside targets.

continued for members…ES is up to new highs, with several targets just ahead.

While SPX is very close to its next major target.

As expected, VIX continues to melt down.

While currencies are staying out of the way. The dollar is in a sweet spot, cheap enough not to threaten the EURUSD trade but not so cheap as to worsen the inflation picture.

Likewise, CL and RB are playing at the lower inflation game… …which is keeping the 10Y in check.All together, still a great environment for stocks to continue doing well. Though, the upcoming Fibs could and probably should result in some backtests.

GLTA