Based on the market action since the open, here's my analysis of the current situation:
Opening Volatility: The market experienced significant volatility at the open, with a sharp drop from the pre-market highs.
Trend Direction: There's a clear downward trend since the market open, contrasting with the initial post-CPI reaction.
Price Action: The market seems to be consolidating around the 5456-5457 level after the initial drop.
Therefore, will look at the 1:00pm to 2:00pm time frame for a better setup.