Consumer Staple Remover

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The consumer staples ETF, symbol XLP, is comprised of firms like Coca Cola, Pepsi, and Procter & Gamble. (As someone who never drinks the sugar water called soft drinks, I marvel at how the country absolutely lives off this crap…………but I digress). This ETF broke its extremely long-term channel a while ago and is perfected beautifully for a hard fall.

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Looking closer, there is a medium-sized channel that also suggests a reversal (and I wouldn’t have even noticed it were it not for the new Instant Trendlines feature in SlopeCharts).

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