BAC chart compared to S&P500 .
Observe the top of both the NASDAQ and S&P
BAC started bottoming when the 2 indices started falling.
2008 was a banking crisis which directly impacted BAC and it fell relatively harder than the indices. In 2020, Banks are well capitalised and backed by the FED, so chances of a banking crisis are slim.
Add to that, NASDAQ is clearly overcooked at the moment(Check the historical chart. Top of the major trendline. That said, it Could also break up)