Because, Market is pricing in more risk on short term contract than the long terms. And risk in the general market knows only one direction, which is ________. assuming you know the answer. I will leave that blank.
Any rally during that time is a good place to sell Credit spreads on the market. You can backtest this.
I will release a code soon (working on it)
The rally high marks a good resistance point as well. So watch out before you get excited, trying to catch the bottom.
Good Luck Folks.