Fwiw Arkk is behaving relatively bullish to this selloff. Maybe for these stocks the bearish side is temporary halted.
It's not significant in my view. Here is a monthly chart of XLF showing the more significant July 2021 low---
Yeah, have to be patient. People generally just keep buying and buying until they are forced out, so takes time to completely breakdown. Plus the short trade gets crowded / becomes too obvious at some points, so get those short covering rallies. I've cut a few of my shorts early today unfortunately. But still up decently.
Believe me I know on Friday was even worst. Both RTY and NQ hit there Daily support level. But they refused to let ES go and hit it, ES literally was going up while NQ going down.
Yeah I lost patience and closed my short on Friday because of that, so missed out on the gap down. Thankfully it went all the way up again and gave me a second chance to short at the same level!