Very interesting action in the VXX today. I see steady buying all day regardless of the minor fluctuations in the averages. I get a sense of foreboding when I see these sorts of things. We usually need to retest our recent lows to make them valid. Or to show their tenuousness, as the case may be.
As I post this I see the SPY attempting to rally....
For reference here are charts of the SPY and QQQ.