Still not chasing

Looking at volatility, protection is being heavily bid, this is the exact opposite of the manipulation of the VIX we saw all year to melt the market up slowly, but I suspect this is probably more genuine.

 A huge move in the VIX today, don't worry though there are still a lot of good looking shorts.

 The VXX is intraday negatively divergent which isn't surprising on the parabolic move.

The same is true of the much improved UVXY.