Looks like the flag on the 30min-1hr timeframe is developing as a 3-3-3-3-3 Contracting Triangle for upside. I believe we are starting the 3rd leg of Wave 4, which should take us up to around $4180 hopefully by tomorrow, followed by Wave 5 to around $4100 thereafter. We should see the larger time frame upside move towards ATH to resume after completion of this correction, perhaps starting next week.
Looks like the correction finished a few days early, and developed as a 3-3-5 Flat correction instead. Expecting a pop to the upside soon, perhaps it will be triggered by tomorrows CPI data.