A modest sell-off following a CPI print that ticked to the upside but did not deviate substantially from expectations. The Guppy shed about 75 pips but has since gained some traction on support at 210.
There may be a double-top forming @ 210.67, though with a shallow trough and little follow-through on the post-CPI dip. Meanwhile, price continues it's consolidative climb along the top speed line off of the fib fan (in red on attached chart) from 200-209. A break held below 210 would challenge the advance, while a break above 210.67 would provide further confirmation. The Guppy's range continues to tighten - will it culminate in an upside breakout?
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