Hard to call how the 60 min time frame is going to play out, but it has been a great short term indicator for timing moves. We are oversold and set up for a move back up but the daily negative signal weighs heavy on the markets. I gut says be careful and experience says expect more chop and don't get caught up in the over analyst of the markets during this recent consolidation. If I had to make a call then 1 arrow down. Futures flat as of this writing.
