Potential Top on Bear market Rally

To make long story short, we all know what's been happening towards FED's Rate hikes and Banking System turmoil since early this year with SVB failure, i had this ''map'' on what this bear market rally would top and why, still uncertain but very close to what could trigger that top is First Republic Bank latest bankruptcy.

Now we will have this week another (potentially last) rate hike for 25bps during the two day FOMC meeting, this is already priced in, note that the Powell's speech will move the market to either direction, that according to this chart, could be to the downside or it will completely break. With the company of the other fundamentals, the FDIC latest report to reform deposit insurance and the whole financial sector declining, could be an interesting cocktail at the top of the Bear Market rally, is this the inicial stages of the credit Crunch?