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The flag, the gap, and the H&S neckline all converge Wednesday morning
in the 1452-1453 price area. I don't trade based on this stuff but it's
fun to watch.
--
Dennis
> I had noticed flag (and gap support) on the SP hourly yesterday evening
> but my time projections suggest that a correction of the strong rally
> should require the same amount of time as the rally itself which would
> take it to early Thursday. My biggest trading problem is entering before
> corrections are complete so I'm trying to use some patience. The flag
> looks very good on the hourly, holding nicely above the 25% retracement
> at 1460 (1373.50 - 1489) and OBV is rising strongly.
>
> Earl
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