S&P Key Level To Watch: This Tells Everything

 | Sep 09, 2014 01:39AM ET

Note the chart. If the SPDR S&P 500 (ARCA:SPY) breaks this level it will continue to sell. If it holds, look for higher price action. This is the pivot point of the day. Volume remains very light with less than 25 million on the SPDR S&P 500 ETF Trust. Tick tock, tick tock.