Mexican Bolsa IPC 12/06/2016
- The Mexican IPC index has been in a clear consolidation since our first bearish recommendation.
- Last week the Mexican IPC approached closely to historical highs, but rejected them.
- While this erratic behavior doesn’t give a clear signal until the consolidation is visibly broken we maintain our bearish bias considering that it is trading at the top of a consolidation.
- If not actively into the trade we recommend to stay on the sidelines in order to look for a clearer entry.
Analyst: Victor Campos, CFA.
Source: LATAMPM with Tradingview.com data. Prices as of June, 8, 2016.
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