Pure Technical Projection.
After last Rally, price is in the respective correction seen as a soft dowtrend-sideways market => .
Hard to tell how long will the flag last, but probably it will take some time.
After this phase get completed, will be present and an expanden sideway market will be the first step before the new bull run.
Banks are never nor under bears-control, they just harvest some of the yield and than let the grass grow to eat later.
Wait for retest support (lower flag band) to get an entry before breakout.