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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.