Here, SVXY is just getting compensated for the mistake it just made in selling down from 160.00. Once 160 gets breached on SVXY it will move belowst Mon's low right there at 148 n change.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=svxy&x=46&y=12&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11