### Comment:
[https://ibb.co/wcc9Tmt](https://ibb.co/wcc9Tmt) 
  
    
  
  
 Yep

### REPLY:
UVXY is down because /VX futures are down. That the futures curve is in backwardation in and of itself does not mean that the VIX (and therefore /VX) *must* stay elevated.

### END.