SPX plunged once it lost support of the yellow fork. It tested near the midfork yesterday, and has some room in price and time for a bounce into this Friday (tomorrow). Next week SPX looks likely to drop below the midfork and test the white trendline short term target.
UVXY confirmed a breakout. There should be strong support in the $32's, and next week a test of near the turquiose fork at around $38.50 looks likely.
The short term target remains at $43 by or before Oct 10th.