Intersting take on that. I believe that the drop the other day was caused by stop hunting (an algorithm). But I can see where on more normalized days where algos can keep vix low. I guess one has to wonder then, do computers trade more frequently on low volume days or do they cause more low volume days thus the chop we had into this volatility.
There was a rip out of the channel down on the daily, then 20 or so days of rest then the sell off.
Interesting.