If history is any guide - the mysterious flash crash "signal" that we have seen yet again in VIX suggests stocks rally and VIX tumbles into the close today:
We have seen these spike moves before and more often than not they have signaled future extreme tests for VIX - and in this case, that means stocks ramp.
Keep an eye on momentum ignition around 3:30pm. That said, both credit, crude and the USD are ugly for now on the heels of the "close calling" Fed which clearly has no idea why it hiked in December, but had to hike nonetheless.