Tomorrow pre-Open is another monthly CPI number, so beware of more volatility with the potential (50-50) of a surprise high or low inflation print and a knee-jerk reaction sending the market much higher, or sharply lower. Mid-summer price targets are still much lower, but getting there will not likely be a straight line. This QQQ chart labels the preferred path and only a run above the small blue Wave 2 (QQQ 330) would bring the count into question: May 20th option expiration will be the most vulnerable to any CPI surprises, so taking profits and rolling into Jun 17th expiration makes sense in front of the news. Mr. Fibonacci is targeting QQQ 250, one way or another. QQQ Jun 17th Puts
