Afternoon Update -Bear Traps?

The S&P 500 has maintained its position above its 200-day sma and the 4,000 area and that makes for an interesting area of price action. Both the S&P and NASDAQ-100 have traded back inside their respective bull flag consolidation at yesterday’s close, and above since the last update. SP-500 -0.2%, Dow -0.1% (Transports -1.25%), NASDAQ-100…