Cooling Inflation Gooses Indices

ES-- You probably are aware by now that CPI Core and Annualized data came in cooler than expected (see Data Table below my chart), which has goosed ES futures from 6804.75 just prior to the data release, to an intraday high at 6838.50 so far.

Let's notice on my attached Hourly Chart that the "CPI pop" has propelled the index toward a test of important resistance from 6845 to 6855 that must be hurdled to trigger sustained, more powerful upside traction that may just look and feel like the initiation of the Xmas-Year-End Rally... Last is 6836.50...