It was boomerang Monday.  Today looks like turnaround Tuesday.  But will the pre-market gains hold?

Yesterday the market was on its heels.  Selling pressure took hold sending prices sharply lower.  But by late afternoon all was forgotten.  The $VXX, a broken instrument on a long term scale - remains a reliable intra-day indicator of where the market is headed.  The 1PM beatdown of the $VXX set the table for a strong close.  That action continued overnight and into this morning.  The stock market is set to open for trade sharply higher than what it closed at yesterday.

A pull back yesterday looked to set a move back to support: