The S&P 500 Index hit its lowest level since the Federal Reserve's announcement, last down 0.2%. The SPX index is officially below $562.90, with the SPY index at $561.45 and SPX at $5620. Despite the pullback from highs, the VIX index has not moved significantly. There is a stark difference in 4hr price action as SPX reverts down on MACD while SPY aims higher.