Hmm. I do think there is a chance of a very key top here on INDU YR1, but so far I think decent chances for a bounce on Tuesday based on VIX and XIV.

The -s
QQQ below JunP, first trading day below a pivot since 4/19
DIA under YR1

The +s
QQQ still holding above YR2 as support
DIA pause not rejection of YR1 so far
VIX under all pivots
XIV above all pivots
No other change of pivot status to other indexes
Safe havens TLT & GLD look weak

Thus far it doesn't seem to be a day for defensive adjustments. If VIX were higher I'd be singing a much different tune, but it isn't. DIA down from YR1 1 day but the damage was only .13%. That is not really a reversal. Stay tuned.

SPY, DIA and VIX below.