WHY?

Here's my thinking and this is very quick to develop, it really has nothing to do with the expected move to the downside.

I showed earlier some positive divergences intraday 1 min developing and figured it's for the close, but wouldn't it be better if it were for the close of tomorrow's half day?

I'd likely re-open the UVXY call at the end of the day tomorrow to be in place for a continued move down Friday.

Nothing has changed at all that makes this move look like it's done, this just looks like a short term manipulation.

I'll have to confirm later, but from what I saw in the VXX, market averages and futures, it all made sense and really nothing has changed except perhaps a little mind-shake-up in to a half day and a full day holiday.