$KWEB: Watching for a decisive move at 27.40

Been watching $KWEB pretty closely the past few days. It's really struggling to hold any gains, and that 27.40 level is starting to look like a critical support. We dipped just below it today (low was 27.43, but intraday action felt weaker than that suggests) and quickly bounced, but the overall conviction isn't there. If we get a sustained break below 27.40 and fail to reclaim it quickly, I'd expect a push down towards the low 26s pretty fast. The bounce back above is what I'm looking for to indicate any sort of short-term relief, but until it proves it can hold, that level is the line in the sand for me.