Curious day. SPY held Q3R1 as support, and VIX AugP was rejected. Typically these are bullish signs. But stopped cold at 2HR1 tag, QQQ fell under Q3R1 and and VTI a bit under Q3R1 as well. IWM leading down as called, below AugP. Additionally, XIV fractionally under YR3 - not enough to be rejection, but still. Anything under YR3 means high of the year in XIV (ie low in VIX) could be in - and this implies down for risk assets.

If markets are in real trouble then we will see more risk indexes below monthly pivots - so far only IWM and XBI - as safe havens continue to strengthen.

SPY, IWM and XIV below.