As you can see the IOP bottomed in 2016 and has been going through it's higher highs/lower lows since.
It seems that some bears here have lost sight of the LT trend and have become too focused on the ST. I know they are here for a reason as we all are but sometimes you need to step back a bit and take a deep breath. From here my opinion/prediction (for what it's worth) is a fast jump to c.$85 (this week or next). Enjoy your Sunday all you crazy bulls and bears.