| Profile | Content |
|---|---|
|
Homyk Registered Apr 2011 |
This is an analysis of the Consumer Goods & Services Index for June using the XLP ETF. The previous entry was the Construction Index.
Long time frame 
In the long term we see that Consumer Goods & Services is moving beyond the 2008 high, thus it doesn`t meet any resistances in this range. Price is just at the middle of the very steep wide channel, and it hasn`t overextended it yet. Medium time frame 
In the medium term we see that price is on it`s way down towards the inner channel line of the wide channel. We don`t see any clear pattern or channel in the medium term so it is difficult to determine where it is going. A small bounce up seems likely at this time. |
|