Market Trying to gain a toe hold here

Despite some intraday charts in line like SPY 1 min, there are still positive divergences on 3/5 min charts in the averages.

The VXX looks like it is about to take a turn to the downside soon...

 VXX 1 min going negative intraday as well as longer term charts.

The USD/JPY going positive intraday, looking as if it will make a move higher soon.

And of course the TICK Index...

 NYSE TICK intraday is breaking to the upside out of this morning's downward trending channel.

 The 1 min IWM is putting in a relative positive divergence.

 As are the Q's, although this is still very weak.

The longer intraday charts still have positive divergences although quite a bit of damage was done this morning.

Whether the market keeps making lower lows or bounces to a +1.5% gain today, the change in volatility is a clear message of the market that this market is in trouble.