The turn date for SPX was due February 26th, and so there is little time left for SPX to form a high. The next turn date is March 14th.
Oil and SPX remain highly correlated which raises the probability for Oil to capitulate, and bottom out in the next several months ahead.
UVXY declined as expected from midfork resistance and is near lower fork support. UVXY has formed a clearly rising trend, and may have several months of substantial upside ahead according to the model.
The behaviour of XIV continues to be consistent with the Hang Seng Crash of 1997. XIV may have several months of significant downside ahead according to the model.
2 hour Chart
1997 Hang Seng Crash Model: