/RTY (Russell 2000 Small-cap futures) has hit the second price target 1864.40) in the pre-market session with one more thrust up to the downtrend line (and/or 1892 price resistance just a hair above it) still likely before a tradable pullback. 60-minute chart below.
RTY 60m Jan 12th
With the CPI now out of the way, I’m still leaning towards one more thrust up to the 280ish max (near-term) bounce target on QQQ followed by a tradable pullback. One more thrust up or not, a solid break and/or 60-minute close below the uptrend line will trigger a sell signal (in regular session). 60-minute chart below.
QQQ 60m Jan 12th
/NQ still trading on T4 following the typical knee-jerk reaction to the CPI report with one more thrust up still likely IMO, although the R/R for new longs here is no longer vary favorable. 60-minute chart below.
NQ 60m Jan 12th