We have another 3 ABC wave bounce here since the 8th of November and it was met by resistance at the 200 Day MA on the 1hr chart, there was also a failed breakout here, which further confirms the trend to the downside.
The more this continues downwards, the more relief the banking and finance sector stocks will get, like $PYPL, $SQ and $SOFI.
Getting below the 4% mark will be enormous relief for the sector.