19 Dec 2019 ‚óŹ 04:24 AM

Mexico joins other world markets by taking off into a 3rd wave in closing at a six-month high. This follows a sell off into the first half of 2019.

mexico 191219

The quarterly chart can be really interesting because it shows years of lost momentum that pushed the quarterly momentum back below the zero line. In the meantime the recent decline has taken support on the 40 quarter moving average (the green line below price) for the first time since 2009, setting the market up for a possible major advance in many years.

mexico 191219a

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