XIV has reached the target and has flatlined since mid-October, and that is because it has been pressing up against double fork resistance overhead.
At this stage, the price action appears to be consistent with consolidation. It is a grinding style of rally that is time consuming, but gains relatively little in terms of price.
Cycles are weak in November up until the 20th, and then December looks mildly positive. A November pullback looks probable, but the market is not quite ready yet for the next large decline. The VIX Cycle does show a major spike ahead, and so it will be very interesting once this rally matures.