US March CPI will be released tonight at 8:30, and the battle between bulls and bears will be intense! The three possible CPI scenarios, probabilities, and bullish/bearish impacts are shown in the chart below. My conclusion: no matter the scenario, 74,500 is the absolute ceiling (Fibonacci 0.618 level + order book sell wall). A spike followed by a pullback is highly likely. The 72,000-73,000 range is the most probable rebound high point.