From yesterday's daily comment: "I am expecting some give back on this rally we have had from 8/2 open. But with current configurations, I still think this is a minor shuffle before another move higher. ... Also, VXX is near key support so if I am right about a near term shuffle this is now a good candidate for a hedging trade."

Ding! VXX bottomed today on the AugS1. Stock indexes had a minor reversal bar. As long as VIX remains under its YP I will keep to the view that SPX will test its high. That said a pullback to moving averages, and potentially a down week indexes, would be very normal at this stage.

Indexes did not reach resistance levels so there aren't rejections to report (except XBI). However, VIX and VXX lifted from AugS1s, TLT got in gear, and GLD while not doing much is holding YS1.

Minor pullback in stocks should be the next move.

SPX, VXX and VIX below.