After the market reaction to the jobs report today and its bearish close I think you are right. In addition the expiring options at months end. Just be cautious with any bearish ETF. I still maintain that as inauguration nears this maket will be bullish to welcome the new president
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!