Once again the HFTs appear to be signaling market direction, this time in VIX. The earlier flash-smash perfectly signaled where VIX would top in the short-term, so did today's VIX flash crash signal traders to sell vol.
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As we noted previously, the odd after-hours spikes (and troughs) in AAPL that appeared to act as strange attractors for the market during the day and sure enough, today's high (for now) appears to correspond almost perfectly with last Monday's after-hours spike highs... Signals? or just pure coincidence (5 times in 5 days)....
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