No real catalysts until we get into earnings season.  You can see options players affecting the VIX, which is disproportionately higher as compared to the mild S&P 500 pull back between S1 and the Pivot with SPY $126.00 continuing to hold for now.  I expect it will be difficult to break above the later in the PM session given the confluence of the flattening five-day moving average.

Related posts:

  1. 09.16.10 – Strong SPY Resistance at Pivot
  2. 01.09.09 – A Fall; A Floor
  3. 08.18.10 – Five-Day Provides Support, Flattens
  4. 08.12.10 – Coiling Under Pivot
  5. 02.10.10 – Lows Retest & Hold