Today's rip off the lows was preceded by another muted response to the sell off by the $VXX and VIX. #Make the VXX great again. In order to do that $VXX would need to rally$30,667.64.
Muted VIX - VXX action in the face of a market sell off usually means prices will recover later in the session.
Buy the dip remains the theme some 7+ years after the market bottomed in 2009.