CCPI is very close at 1.95. Need 2.0/1.99 for Fed to act.

Watch for

1) rising VIX

2) TLT:SPY ratio X 40 wkma

If the above two happen after the cpi is announced next month, July 22, then TLT will be a buy.  TLT should rise and have a GHA on the day the cpi is announced. Gas buddy should also stay elevated next month as well.