SPX is approaching the target at the red fork outlined in June 4th analysis. The price pattern has worked well, and the topping process for SPX may take several more days to complete.
A freefall is imminent. Downside targets are shown for July.
June 4th chart analysis:
This is an outstanding setup for UVXY. The minimum and maximum targets are outlined below.
According to the analysis, few dips are expected for UVXY up to the minimum green target. The maximum red target could be possible in the most extreme case.