XLF $23.38 = key horizontal inflection level as the current Major upside barrier
( within the upper structure of the XLF price action during the 2016 through January 2017 period )

** if the bulls are going to control further advancing, a chart requirement is:

the $23.38 resistance potential price inflection level needs to be made to act as future horizontal support;

** going forward relative to this $23.38 level is all that matters now from the standpoint of price pattern structure -

XLF daily -