S&P 500 futures pushed ahead after the CPI this morning setting a new high over the weak high from June 30th. The high around 10:30 today looks like a low order third or near the end of a third. I expect a fourth wave to set in later today and/or tomorrow. Possible that we already have the first leg down in the small fourth wave into 4499.25. This implies a possible end to the advance up from the March low at a minimum if not more in the next few days.
Bonds poked up over 124^24 today making it likely that the wave iii low has been set and now need to allow for a relatively complex, choppy bounce in wave iv.
Euro is pushing to a new swing high for the year in what I think is late in the overall swing in either a [iv] or more optimistically for Euro bulls, a wave [i]. Note that there is negative divergence building on both momentum and the cyclic smoothed RSI on the daily chart.