It sure could pull back more on Monday but the odds of doing so are probably not much better than 50-50. The technicals are mixed across timeframes. For example, the 10, 15 and 30 minute charts have corrected enough to suggest a turn back up and the 5 minute chart looks better than they do. However, the 1 hour chart is on “young” sell signals and points lower while the 2 hour chart remains a net buy but an aged one with mixed signals. The 4 hour and daily charts are on buys that could benefit from a dip lower that doesn’t last long BUT could easily extend without one. The new development that would make me a happily hasty buyer (if I owned little or none) is the new weekly MACD buy signal. It could very easily override the signals of the lesser charts and send IPT significantly higher before it takes a decent break.
Those who hate drawdowns more than they like a great deal might do better to wait for a material pullback than to be a hasty buyer as I would. I’m more interested in the big picture so the weekly MACD buy signal trumps the rest and I would not berate myself if I bought it and then watched lower prices appear due to those short term considerations. Everyone needs to think about these scenarios and decide for themselves what they are comfortable with. Layering into a position at multiple price points is always a good idea in my book.
If Monday does begin with more weakness, I wouldn’t be surprised to see ISVLF dip to no lower than about .44 before reversing. That’s still 3.5 to 4 percent lower from yesterday’s close so it probably won’t be there for long if it does get there.

Thanks for the reply. I’ll watch the open on Monday closely.