should be down much more considering the futures were down yesterday and this was up and that they are down today more than this is... we should be below 31
VXX being supported due to impending NFP report tomorrow.
i will take a 5% drop again tomorrow. look for the vix to go below 18 and stay between 17.60 - 18.50. again higher volatility in the first hour and as the day progresses lower Volatility.
It's Backwardation....it's propensity is UP now .
where do you see backwardation ??? backwardation is when the front month is higher than the back month you dont have that here ...
Must me a short squeeze... lol