Next, there is likely to be a 2-3 day bounce only for SPX. The rest of October looks choppy and can see 1800 tested later in the month. Bounces will be typically sharp.
November is setting up to be the weakest month. Cycles are extremely negative for November. The selloff is anticipated to take another 6 weeks to test near the major trendline.
The low is due late November to early December.
UVXY is likely putting in a short term high. It should cool off for 2-3 days to test the blue support which is the August high.
The up trend for UVXY is forming and it is early. Another 6 weeks of upside in this trend is anticipated.
UVXY is likely putting in the green star high currently. Each bar is one day.