Looks like Mexico has broken to the upside. Should see 49 in a few months or so
No trade just looks like a good long set up. Good recovery. Looking like its finding support.
When in doubt, short garbage. Candlesticks tend to work well on EWW, and the Mexican market goes down when the US market goes down. 2 day trade with weekly puts, though the safer play might be next week's puts.
20 contracts, next week's calls for kicks and giggles. They'll probably pump the markets while we're on holiday Monday. Looking for a bounce back to $45, will close out the trade Tuesday afternoon regardless of where it's at.
Mexican market keeps testing support, if it breaks down, EWW is headed straight back to lows. Small position in puts with EWZ profits only.
Breakout and momentum play with weekly calls. EWW options have good liquidity, going with weekly options for the gap up tomorrow. Dumping if it gaps.
AMLO haven't take over power and EWW is going down to the fibonacci limits
and looking the chart it might be a great short
Definetily short here with all the turmoil Lopez Obrador is in, do not expect good news on Mexican markets, resistance found and now is going to retest bottom line. tp and sl as set on the chart.