If you consider the bullish expanding wedge as a halfway pattern to the upside and calculated the target in arithmetic rather than percentage terms, you get a target of 180. If this is the case, then SVXY is saying the SM rally is just about done.

[Edit]

20 minutes later I thought to myself, “Er, what about the $VIX charts?”.  Price displaying bullish divergence with MACD on the weekly and

also has formed a (seemingly) bullish descending wedge:

Thanks Terry Callier and come back EagleSeagle!