9:22, The SPX has made a minor lower low, breaking below 1136.08, moving the short-term trend to neutral, a solid break below 1132.09 would move that trend to bearish. Volume so far for the day is running 83.3% sell volume with the small caps having the largest movement to the downside. The Russell feed in Stockcharts is not working this morning so the Trend Finder is out of commission until the feed is revived.
9:05, The SPX is breaking down, and is dangerously close now to taking out support at the 1131 level. The 1105 level is where next support is from a longer-term bullish Fib fan.
There is also a large gap between 1125-32 which would love to be filled. All this sideways action for the last week is pushing the STO up into over-bought territory.