Consumer Staple Sector rally is possible
The Consumer Staples Sector is in a prime situation to capitalize on a market downturn. Usually, this sector is a safehaven for smart money when the market is headed lower. As we can see from this chart above, the sector is in a tight trading range and might rally if conditions permit such a move. An inverted yield curve, slowing productivity, and geopolitical concerns are driving forces for the possible scenario.

As you view the chart, you will see the white lines which are indicated as Fibonacci Time Zones (FTZ). FTZ's are an valuable tool to gage market timing and patterns. It follows the principle set forth by Leonaardo Fibonacci, recognizing the fact that there is a proportional sequence of numbers in nature as well as in finance. More of this topic can be found at investopedia in the link section to the right.

At each line or zone, we can see that the underlying vehicle (the Staples Sector in this case) has made a sudden turn, either higher or lower. I have noted that the final zone, March 18, has not been realized yet. Time will verify if a move should occur at this zone and market conditions will dictate which way the move will be. Keep an eye on 244 and 247 as resistance points for a rally.  ¶ 3:42:00 PM