Banking's previous bottom 2020-03-23, compare this to 2023-03-09's "fingerprint"

There was no change during the week ending 3/23/20 because all banking stocks were weak as of the prior week.

This is not a prediction that the current environment will lead to something like this. It is purely a look at a bottom.  For comparison, see below the banking industry strengthening/weakening overview from the downloadable report available here:

The weakening over the past three weeks has accelerated given today's action.

What next?

I don't know and I make no predictions. (No one else knows either.) I only measure what is. That said, a widespread down day for banks with only one positive out of 200 that I follow does not seem like a good basis for a strong rally from here.

Per the graphic at the top of this post, there remains plenty of room for banks to fall.