2pm update - hourly charts offering upside

Whilst the main indexes are holding moderate declines, the hourly index charts should be floored soon. Tuesday is all set up for at least 'brief' significant upside, into the target zone of sp'1715/25. Precious metals remain weak, with Oil largely flat.


sp'60min

Summary

The MACD (blue bar histogram) hourly cycle is already low,  and should be showing a turn/levelling phase by the end of today.

Even if we melt lower into the close, I sure won't be enticed to get involved.

Way too much risk ahead of what is a very sig' Tuesday QE of $5bn.
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Just a bit more patience...I think.

*AAPL within $2/3 of testing the declining 200 day MA.