Looking at the XLF chart, I see 2 possibilities
Or we have a head and shoulder pattern and the latest move up towards the 50d MA is a fake move and the last weeks break below the neckline will resume
Or we have a good support level at 16.25 and the last 3 daily closings below that level are a fake move.
I will let the stock tell me the direction in the coming days. Compared to other sectors, the financials still are performing bad since the 2009 crisis.