Intraday Update -SPY’s 3C Leading

1:27 p.m. ET It’s been an ugly session again, but the S&P 500 tested the 3,900 level, where it found some support, and currently moves sideways just above that level. Market breadth reflects the heavy selling bias with decliners leading advancers by a nearly 6-to-1 margin at the NYSE and a greater than 3-to-1 margin…