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
this sector is underperforming SPX.
Concumer stample still hold is 2019 weekly lower red line trend. Major breakout happen week ago and a lot of room for move up without resistance.
Bearish divergence on Consumer Staples Stocks. Pick large cap top performers in Consumer Staples sector with your favorite sell/short signals.
Sothebys and Christies vs US consumer staples stocks sector ...