This will either be the easiest long of my life (but toughest to commit to) or we get rugpulled and i look completely wrong. I don't think many caught this bottom so everyone is continuing to chase. This up move doesn't necessarily need to occur on CPI but it does seem fitting to return to the prior FOMC price level if CPI were to come in cool and we can continue to pause or even cut rates (making Powell's prior comments invalid). Just a standard move here, 100% fib extension to the 161.8% fib extension. We made the 61.8% to 100% move today, another standard trade...as obvious a trade as I've seen but by no means financial advice.