contango running high presently. Either Futures will turn higher or the fund ETPs will need to rebalance over in the coming days.

hi Seth, how well if at all does sentiment equate to market performance? If people are less bullish, does that mean markets will go higher since euphoria has not set in yet?

Worked your question into the weekly research report. Hope you read. Usually contrarian indicator! @kellykline

Thanks, Seth! I did! Great read. I learn more here than at school, lol.

Is it like the odds of VXX falling in the last 2 days is much higher than any other time…so shorting yesterday or today would have been better days…it sounds very complex understand

Not generally the more favorable idea to add a new short trade this close to expiration unless contango is high, which it is. Reason being much of the decay has already occurred and a new futures cycle is commencing. Positioning in my experience is better when considered out 30 days and not necessarily day-t-day.