A view of how we all hope the banking index does NOT move in coming days

I think it's fair to say everyone hopes the carnage in the banking sector is done, the lows have been made, and we can put them behind us. Just in case that idea is premature and too "easy", I feel I should point out a "queasy way" to look at the banking index. I've marked it on the chart below. Believe me, I don't delight in putting this possibility forward. The possibility marked on this chart will be wrong if the BKX goes above the upper trendline. And, if it DOES go above that upper trendline, I'll be delighted to revisit and chart out a more fitting view. For now, I believe we should keep our eyes on this possibility, so here it is in the chart below: