You can see it’s really just pulled back to support and is still looking very . Contrast that with the Energy sector via the XLE chart.
This is a completely broken chart in my opinion. But that doesn’t necessarily mean I want to short energy names this week. Something this sold off may need a nice relief bounce first. So I have alerts set for when the XLE pushes back into the underside of the daily 20sma. THEN I might be looking for shorts on energy names.