SPX had a weak day yesterday once it fell through the yellow fork. Nevertheless, a short term positive cycle is due, and therefore a bounce is probable next, and could take some time to play out.
There should still be a lower low for SPX following this bounce. A final lower low would then complete the gradual declining phase.
UVXY reached fork resistance yesterday, and is due to cool off short term. A test of the midfork seems probable next. Following a cooling off period, a final spike up is likely.