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Both Time cycle and Elliot wave theory says long on Consumer

Long
S&P 500 Consumer Staples (SP:S5CONS)  
aryan_chandel_brine  
SP:S5CONS   S&P 500 Consumer Staples
Wave Analysis Gann Trend Analysis
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waveanalysis gann trendanalysis
Both Time cycle and Elliot wave theory says long on Consumer

S&P 500 Consumers Stable is following a 192 week cycle and it recently formed a bottom
The price action and volume also suggest that the bottom is formed
Additionally, 2-4 trendline (wave theory) says that prices should move up from here

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