IBOV 177,356 ▲ 1.77% IPSA 10,600 ▲ 2.40% IPC MEX 68,894 ▲ 0.49% MERVAL 2,788,517 ▲ 0.50% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.00 ▲ 0.10% USD/MXN 17.30 ▼ 0.08% USD/CLP 897.19 ▼ 0.13% USD/COP 3,715 ▼ 2.06% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,397 ▼ 0.11% USD/UYU 40.30 ▲ 1.86% USD/PYG 6,136 ▲ 2.65% USD/BOB 6.85 ▲ 1.31% USD/DOP 58.63 ▲ 0.14% USD/CRC 449.65 ▲ 2.13% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.60 ▲ 0.33% USD/NIO 36.62 ▲ 0.68% USD/VES 522.37 ▲ 0.98% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.59 ▼ 0.07% USD/TTD 6.71 ▲ 0.82% EUR/BRL 5.82 ▼ 0.83% BRENT 104.23 ▼ 0.75% WTI 97.67 ▼ 0.60% IRON ORE 161.91 — — COPPER 6.28 ▼ 0.17% GOLD 4,534 ▲ 0.07% SILVER 75.71 ▼ 0.19% SOY 1,192 ▼ 0.69% CORN 460.25 ▼ 1.18% WHEAT 649.00 ▼ 1.74% COFFEE 267.85 ▼ 0.17% SUGAR 14.82 ▲ 0.61% ORANGE JUICE 160.45 ▲ 4.09% COTTON 80.26 ▼ 1.64% COCOA 3,897 ▲ 0.21% BEEF 245.18 ▼ 3.68% CATTLE 365.83 ▼ 1.01% LITHIUM 83.49 ▲ 2.09% PETR4 44.60 ▼ 3.23% VALE3 82.00 ▲ 1.21% ITUB4 39.67 ▲ 2.30% BBDC4 17.86 ▲ 2.70% ABEV3 16.22 ▲ 2.59% BBAS3 20.70 ▲ 2.32% B3SA3 16.79 ▲ 5.66% WEGE3 42.58 ▲ 1.82% PRIO3 68.63 ▼ 1.00% SUZB3 42.20 ▲ 2.80% RENT3 44.47 ▲ 5.65% AZZA3 19.60 ▲ 4.37% CSAN3 4.32 ▲ 4.60% RAIZ4 0.42 ▲ 5.00% PCAR3 2.17 ▲ 1.40% GMAT3 4.42 ▲ 7.02% PSSA3 49.22 ▲ 3.32% CVCB3 1.80 ▲ 1.12% POSI3 4.17 ▲ 4.51% SLCE3 16.52 ▼ 1.61% NATU3 10.00 ▲ 2.67% BRKM5 12.18 ▲ 0.50% RANI3 7.96 ▲ 2.58% CSNA3 6.13 ▲ 3.90% CMIN3 4.50 ▲ 10.29% USIM5 9.61 ▲ 5.26% GGBR4 23.47 ▲ 1.95% ENEV3 25.21 ▲ 4.13% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 1.49% CMIG4 11.53 ▲ 1.95% EQTL3 38.55 ▲ 1.93% LREN3 14.70 ▲ 7.77% VIVT3 35.40 ▲ 2.34% RAIL3 15.02 ▲ 2.81% KLABIN 16.52 ▲ 2.61% RAIA DROGASIL 19.13 ▲ 3.24% RDOR3 34.99 ▲ 2.61% HAPV3 13.27 ▲ 4.41% FLRY3 15.80 ▲ 3.13% SMTO3 18.07 ▼ 1.53% UGPA3 29.02 ▲ 2.29% VBBR3 33.34 ▲ 2.05% BBSE3 34.71 ▲ 2.36% BPAC11 54.20 ▲ 2.13% CURY3 31.30 ▲ 8.53% AERI3 2.28 ▼ 1.30% VIVARA 22.66 ▲ 1.66% COMPASS 26.65 ▲ 3.41% VAMOS 3.41 ▲ 5.25% SANB11 27.45 ▲ 2.62% ASAI3 8.61 ▲ 5.51% SBSP3 29.15 ▲ 2.14% WALMEX 55.59 ▲ 0.04% GMEXICO 203.03 ▲ 1.32% FEMSA 209.64 ▼ 0.58% CEMEX 21.93 ▲ 2.52% GFNORTE 188.05 ▼ 2.01% BIMBO 59.94 ▲ 0.23% TELEVISA 9.81 ▼ 0.51% AMX 23.10 ▼ 0.39% GAP 431.82 ▲ 0.92% ASUR 310.50 ▲ 3.57% OMA 227.00 ▲ 0.76% KOF 184.15 ▲ 0.43% GRUMA 293.81 ▼ 1.40% KIMBER 38.82 ▲ 0.83% SQM-B 72,900 ▼ 0.40% COPEC 6,425 ▲ 0.39% BSANTANDER 70.10 ▲ 2.71% FALABELLA 5,600 ▲ 2.85% ENELAM 76.20 ▲ 0.26% CENCOSUD 2,180 ▲ 5.24% CMPC 1,095 ▲ 2.82% BANCO CHILE 171.90 ▲ 3.24% LATAM AIR 22.57 ▲ 7.22% YPF 69,800 ▼ 2.07% GGAL 6,235 ▲ 4.53% PAMPA 4,748 ▼ 3.16% TXAR 621.00 ▲ 1.47% ALUAR 915.00 ▲ 0.60% TGS 8,510 ▼ 5.60% CEPU 2,076 ▼ 0.43% MIRGOR 16,250 ▼ 1.37% COME 44.00 ▲ 1.73% LOMA NEGRA 3,210 ▲ 2.56% BYMA 277.00 ▼ 0.89% TELECOM ARG 3,488 ▲ 0.72% ECOPETROL 13.71 ▼ 2.14% BANCOLOMBIA 65.54 ▲ 2.82% GRUPO AVAL 4.23 ▲ 4.70% CREDICORP 333.27 ▲ 5.54% SOUTHERN COPPER 174.09 ▲ 3.01% BUENAVENTURA 33.89 ▲ 3.10% MERCADOLIBRE 1,651 ▲ 3.53% NUBANK 12.79 ▲ 4.07% XP 17.69 ▲ 6.12% PAGSEGURO 9.32 ▲ 4.13% STONE 11.05 ▲ 7.39% GLOBANT 41.79 ▲ 3.83% TECNOGLASS 40.88 ▲ 4.87% GAP AIRPORT 250.82 ▲ 2.28% ASUR 310.50 ▲ 3.57% OMA AIRPORT 105.13 ▲ 1.63% AMX ADR 26.68 ▼ 0.19% FEMSA ADR 121.55 ▼ 0.25% CEMEX ADR 12.67 ▲ 3.26% PETROBRAS ADR 19.83 ▼ 2.84% VALE ADR 16.35 ▲ 2.12% ITAU ADR 7.94 ▲ 3.39% SANTANDER BR 5.53 ▲ 4.54% AMBEV ADR 3.23 ▲ 2.54% CSN 1.25 ▲ 5.93% GERDAU 4.70 ▲ 3.07% LATAM ADR 50.37 ▲ 8.91% BTC 77,556 ▲ 0.13% ETH 2,126 ▼ 0.04% SOL 86.51 ▲ 0.54% XRP 1.37 ▲ 0.39% BNB 652.82 ▲ 0.62% ADA 0.25 ▼ 0.04% DOGE 0.11 ▲ 1.51% AVAX 9.36 ▲ 0.83% LINK 9.62 ▼ 0.06% DOT 1.27 ▲ 1.49% LTC 54.01 ▲ 0.19% BCH 375.26 ▲ 0.69% TRX 0.36 ▲ 0.67% XLM 0.14 ▲ 0.76% HBAR 0.09 ▼ 0.07% NEAR 1.77 ▲ 3.99% ATOM 2.06 ▲ 3.31% AAVE 88.85 ▲ 1.02% SELIC 14.50% EMBRAER 70.38 ▲ 2.54% EMBRAER ADR 56.48 ▲ 3.98% JBS 12.90 ▲ 3.28% JBS BDR 64.07 ▲ 2.43% MBRF3 17.67 ▲ 7.09% MBRFY 3.56 ▲ 6.91% INTER 6.18 ▲ 7.11% EGX 52,192 ▲ 0.49% USD/ZAR 16.49 ▲ 0.44% USD/NGN 1,370 — 0.00% NIKKEI 61,684 ▲ 3.14% CSI300 4,783 ▼ 1.39% HSI 25,387 ▼ 1.03% NIFTY 23,655 ▼ 0.02% KOSPI 7,816 ▲ 8.42% JCI 6,095 ▼ 3.54% USD/JPY 158.97 ▲ 0.07% USD/CNY 6.7974 ▼ 0.05% DAX 24,859 ▲ 0.49% CAC 8,147 ▲ 0.36% FTSE 10,431 ▼ 0.01% MIB 49,339 ▲ 0.32% IBEX 18,102 ▲ 0.28% STOXX 622.57 ▲ 0.37% EUR/USD 1.1628 ▼ 0.01% GBP/USD 1.3443 ▲ 0.04% SPX 7,433 ▲ 1.08% DJI 50,009 ▲ 1.31% NDX 29,298 ▲ 1.66% RUT 2,817 ▲ 2.56% TSX 34,162 ▲ 1.25% VIX 17.20 ▼ 1.38% USD/CAD 1.3767 ▲ 0.17% US10Y 4.5720 ▼ 2.04% IBOV 177,356 ▲ 1.77% IPSA 10,600 ▲ 2.40% IPC MEX 68,894 ▲ 0.49% MERVAL 2,788,517 ▲ 0.50% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.00 ▲ 0.10% USD/MXN 17.30 ▼ 0.08% USD/CLP 897.19 ▼ 0.13% USD/COP 3,715 ▼ 2.06% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,397 ▼ 0.11% USD/UYU 40.30 ▲ 1.86% USD/PYG 6,136 ▲ 2.65% USD/BOB 6.85 ▲ 1.31% USD/DOP 58.63 ▲ 0.14% USD/CRC 449.65 ▲ 2.13% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.60 ▲ 0.33% USD/NIO 36.62 ▲ 0.68% USD/VES 522.37 ▲ 0.98% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.59 ▼ 0.07% USD/TTD 6.71 ▲ 0.82% EUR/BRL 5.82 ▼ 0.83% BRENT 104.23 ▼ 0.75% WTI 97.67 ▼ 0.60% IRON ORE 161.91 — — COPPER 6.28 ▼ 0.17% GOLD 4,534 ▲ 0.07% SILVER 75.71 ▼ 0.19% SOY 1,192 ▼ 0.69% CORN 460.25 ▼ 1.18% WHEAT 649.00 ▼ 1.74% COFFEE 267.85 ▼ 0.17% SUGAR 14.82 ▲ 0.61% ORANGE JUICE 160.45 ▲ 4.09% COTTON 80.26 ▼ 1.64% COCOA 3,897 ▲ 0.21% BEEF 245.18 ▼ 3.68% CATTLE 365.83 ▼ 1.01% LITHIUM 83.49 ▲ 2.09% PETR4 44.60 ▼ 3.23% VALE3 82.00 ▲ 1.21% ITUB4 39.67 ▲ 2.30% BBDC4 17.86 ▲ 2.70% ABEV3 16.22 ▲ 2.59% BBAS3 20.70 ▲ 2.32% B3SA3 16.79 ▲ 5.66% WEGE3 42.58 ▲ 1.82% PRIO3 68.63 ▼ 1.00% SUZB3 42.20 ▲ 2.80% RENT3 44.47 ▲ 5.65% AZZA3 19.60 ▲ 4.37% CSAN3 4.32 ▲ 4.60% RAIZ4 0.42 ▲ 5.00% PCAR3 2.17 ▲ 1.40% GMAT3 4.42 ▲ 7.02% PSSA3 49.22 ▲ 3.32% CVCB3 1.80 ▲ 1.12% POSI3 4.17 ▲ 4.51% SLCE3 16.52 ▼ 1.61% NATU3 10.00 ▲ 2.67% BRKM5 12.18 ▲ 0.50% RANI3 7.96 ▲ 2.58% CSNA3 6.13 ▲ 3.90% CMIN3 4.50 ▲ 10.29% USIM5 9.61 ▲ 5.26% GGBR4 23.47 ▲ 1.95% ENEV3 25.21 ▲ 4.13% NEOE3 33.80 — 0.00% CPFE3 44.37 ▲ 1.49% CMIG4 11.53 ▲ 1.95% EQTL3 38.55 ▲ 1.93% LREN3 14.70 ▲ 7.77% VIVT3 35.40 ▲ 2.34% RAIL3 15.02 ▲ 2.81% KLABIN 16.52 ▲ 2.61% RAIA DROGASIL 19.13 ▲ 3.24% RDOR3 34.99 ▲ 2.61% HAPV3 13.27 ▲ 4.41% FLRY3 15.80 ▲ 3.13% SMTO3 18.07 ▼ 1.53% UGPA3 29.02 ▲ 2.29% VBBR3 33.34 ▲ 2.05% BBSE3 34.71 ▲ 2.36% BPAC11 54.20 ▲ 2.13% CURY3 31.30 ▲ 8.53% AERI3 2.28 ▼ 1.30% VIVARA 22.66 ▲ 1.66% COMPASS 26.65 ▲ 3.41% VAMOS 3.41 ▲ 5.25% SANB11 27.45 ▲ 2.62% ASAI3 8.61 ▲ 5.51% SBSP3 29.15 ▲ 2.14% WALMEX 55.59 ▲ 0.04% GMEXICO 203.03 ▲ 1.32% FEMSA 209.64 ▼ 0.58% CEMEX 21.93 ▲ 2.52% GFNORTE 188.05 ▼ 2.01% BIMBO 59.94 ▲ 0.23% TELEVISA 9.81 ▼ 0.51% AMX 23.10 ▼ 0.39% GAP 431.82 ▲ 0.92% ASUR 310.50 ▲ 3.57% OMA 227.00 ▲ 0.76% KOF 184.15 ▲ 0.43% GRUMA 293.81 ▼ 1.40% KIMBER 38.82 ▲ 0.83% SQM-B 72,900 ▼ 0.40% COPEC 6,425 ▲ 0.39% BSANTANDER 70.10 ▲ 2.71% FALABELLA 5,600 ▲ 2.85% ENELAM 76.20 ▲ 0.26% CENCOSUD 2,180 ▲ 5.24% CMPC 1,095 ▲ 2.82% BANCO CHILE 171.90 ▲ 3.24% LATAM AIR 22.57 ▲ 7.22% YPF 69,800 ▼ 2.07% GGAL 6,235 ▲ 4.53% PAMPA 4,748 ▼ 3.16% TXAR 621.00 ▲ 1.47% ALUAR 915.00 ▲ 0.60% TGS 8,510 ▼ 5.60% CEPU 2,076 ▼ 0.43% MIRGOR 16,250 ▼ 1.37% COME 44.00 ▲ 1.73% LOMA NEGRA 3,210 ▲ 2.56% BYMA 277.00 ▼ 0.89% TELECOM ARG 3,488 ▲ 0.72% ECOPETROL 13.71 ▼ 2.14% BANCOLOMBIA 65.54 ▲ 2.82% GRUPO AVAL 4.23 ▲ 4.70% CREDICORP 333.27 ▲ 5.54% SOUTHERN COPPER 174.09 ▲ 3.01% BUENAVENTURA 33.89 ▲ 3.10% MERCADOLIBRE 1,651 ▲ 3.53% NUBANK 12.79 ▲ 4.07% XP 17.69 ▲ 6.12% PAGSEGURO 9.32 ▲ 4.13% STONE 11.05 ▲ 7.39% GLOBANT 41.79 ▲ 3.83% TECNOGLASS 40.88 ▲ 4.87% GAP AIRPORT 250.82 ▲ 2.28% ASUR 310.50 ▲ 3.57% OMA AIRPORT 105.13 ▲ 1.63% AMX ADR 26.68 ▼ 0.19% FEMSA ADR 121.55 ▼ 0.25% CEMEX ADR 12.67 ▲ 3.26% PETROBRAS ADR 19.83 ▼ 2.84% VALE ADR 16.35 ▲ 2.12% ITAU ADR 7.94 ▲ 3.39% SANTANDER BR 5.53 ▲ 4.54% AMBEV ADR 3.23 ▲ 2.54% CSN 1.25 ▲ 5.93% GERDAU 4.70 ▲ 3.07% LATAM ADR 50.37 ▲ 8.91% BTC 77,556 ▲ 0.13% ETH 2,126 ▼ 0.04% SOL 86.51 ▲ 0.54% XRP 1.37 ▲ 0.39% BNB 652.82 ▲ 0.62% ADA 0.25 ▼ 0.04% DOGE 0.11 ▲ 1.51% AVAX 9.36 ▲ 0.83% LINK 9.62 ▼ 0.06% DOT 1.27 ▲ 1.49% LTC 54.01 ▲ 0.19% BCH 375.26 ▲ 0.69% TRX 0.36 ▲ 0.67% XLM 0.14 ▲ 0.76% HBAR 0.09 ▼ 0.07% NEAR 1.77 ▲ 3.99% ATOM 2.06 ▲ 3.31% AAVE 88.85 ▲ 1.02% SELIC 14.50% EMBRAER 70.38 ▲ 2.54% EMBRAER ADR 56.48 ▲ 3.98% JBS 12.90 ▲ 3.28% JBS BDR 64.07 ▲ 2.43% MBRF3 17.67 ▲ 7.09% MBRFY 3.56 ▲ 6.91% INTER 6.18 ▲ 7.11% EGX 52,192 ▲ 0.49% USD/ZAR 16.49 ▲ 0.44% USD/NGN 1,370 — 0.00% NIKKEI 61,684 ▲ 3.14% CSI300 4,783 ▼ 1.39% HSI 25,387 ▼ 1.03% NIFTY 23,655 ▼ 0.02% KOSPI 7,816 ▲ 8.42% JCI 6,095 ▼ 3.54% USD/JPY 158.97 ▲ 0.07% USD/CNY 6.7974 ▼ 0.05% DAX 24,859 ▲ 0.49% CAC 8,147 ▲ 0.36% FTSE 10,431 ▼ 0.01% MIB 49,339 ▲ 0.32% IBEX 18,102 ▲ 0.28% STOXX 622.57 ▲ 0.37% EUR/USD 1.1628 ▼ 0.01% GBP/USD 1.3443 ▲ 0.04% SPX 7,433 ▲ 1.08% DJI 50,009 ▲ 1.31% NDX 29,298 ▲ 1.66% RUT 2,817 ▲ 2.56% TSX 34,162 ▲ 1.25% VIX 17.20 ▼ 1.38% USD/CAD 1.3767 ▲ 0.17% US10Y 4.5720 ▼ 2.04%
since 2009
Thursday, May 21, 2026

Latin America Mexico

Mexico Stock Market Rises a Third Day and Clears the Moving-Average Gate

By · May 21, 2026 · 4 min read

Live ticker intelligence

Mexico Live Market Board

Live market data
May 21, 07:16

IPC MEX
68,894
+0.49%

USD/MXN
17.30
-0.08%

WALMEX
55.59
+0.04%

GMEXICO
203.03
+1.32%

Instrument Last Change YoY Prev. High Low Volume
IPC MEX 68,894 +0.49% +18.15% 68,556
USD/MXN 17.30 -0.08% -10.24% 17.32 17.36 17.28
WALMEX 55.59 +0.04% -15.04% 55.57 56.19 55.10 10,576,358
GMEXICO 203.03 +1.32% +95.50% 200.39 206.38 197.06 2,675,348
FEMSA 209.64 -0.58% +0.93% 210.87 214.00 207.18 3,214,274
CEMEX 21.93 +2.52% +61.05% 21.39 22.11 21.38 15,487,406
GFNORTE 188.05 -2.01% +9.48% 191.91 192.67 186.08 4,150,503
BIMBO 59.94 +0.23% +7.85% 59.80 59.94 58.45 2,581,576
TELEVISA 9.81 -0.51% +21.56% 9.86 10.09 9.75 3,240,873
AMX 23.10 -0.39% +36.64% 23.19 23.52 23.06 20,356,248
GAP 431.82 +0.92% -1.45% 427.87 434.90 423.99 733,061
ASUR 310.50 +3.57% -10.26% 299.79 310.57 299.76 90,735
OMA 227.00 +0.76% -6.58% 225.29 228.33 222.54 1,023,998
KOF 184.15 +0.43% +2.71% 183.37 188.00 183.38 697,717
GRUMA 293.81 -1.40% -20.42% 297.97 299.48 293.73 570,451
KIMBER 38.82 +0.83% +9.59% 38.50 38.94 38.20 5,533,893
AMX ADR 26.68 -0.19% +51.68% 26.73 27.08 26.62 1,455,811

Largest live moves in this report universe

ASUR
310.50
+3.57%
CEMEX
21.93
+2.52%
GFNORTE
188.05
-2.01%
GRUMA
293.81
-1.40%
GMEXICO
203.03
+1.32%
GAP
431.82
+0.92%
KIMBER
38.82
+0.83%
OMA
227.00
+0.76%

Live cross-market prices, session ranges and volume update through the day, giving each report a richer read on the instruments that matter most for the session.

Thursday, May 21, 2026 · Covering Wednesday May 20 session
Summary

IPC Mexico today reflects Wednesday’s 0.49% rise to 68,893.93, a third up day that cleared the moving-average gate. The MACD turned bullish, the line crossing above signal for the first time since the selloff. Mexico stayed the LatAm anchor, riding the Iran relief with no election overhang. RSI back to neutral at 50.16.

The Big Three

1.
IPC closed Wednesday at 68,893.93 (+0.49%, +338.30 pts), a third consecutive up day. The close cleared the Kijun at 68,876 and the 20-DMA at 68,801 — the gate that capped Tuesday. The high tagged 69,137, testing the 69,249–69,263 cluster before fading, but held above the band lost in the selloff.
2.
The MACD turned bullish: the histogram flipped positive to +163.01 and the line at 75.03 crossed above signal at −87.98 — the first bullish cross since the selloff. RSI lifted to 50.16 fast, 51.94 slow, back at the midline from last week’s oversold readings.
3.
Mexico stayed the LatAm anchor, riding the Iran de-escalation relief that lifted Brazil 1.77% while Colombia fell 0.96% on election risk. It has no electoral binary, Banxico is done at 6.50%, and nearshoring FDI at $40.9B with 10% earnings growth underpins the case. Two catalysts near: World Cup June 11 (21 days) and USMCA July 1 (41 days).
IPC Close
68,894
+0.49%
MACD Hist
+163
Bullish cross
Banxico
6.50%
Cut delivered
RSI Fast
50.16
Back at midline

02 Session Data

Metric Value Change Context
IPC close 68,893.93 +0.49% Third up day
Intraday range 68,317 – 69,137 820 pts High tested cluster
Kijun 68,876.01 Reclaimed Close above
RSI fast / slow 50.16 / 51.94 Neutral Back at midline
MACD histogram +163.01 Bullish cross Line above signal
Cloud top 69,062 Overhead Next resistance
200-DMA 64,827.74 5.9% below Structural floor
Source: BMV, Banxico, TradingView. Snapshot: May 21, 2026 06:16 UTC.

03 Why It Rose

External Trigger: Regional relief with a clean anchor

The Senate move to curb Trump’s Iran war powers pulled global yields and oil lower, lifting risk assets across LatAm. Mexico caught the relief and — unlike Colombia, which fell on its election binary — had nothing domestic to fight it, clearing the gate that stalled Tuesday.

Local Driver: The structural anchor holds

Mexico’s case is the strongest in LatAm on a medium-term view: Banxico done at 6.50%, no electoral overhang, nearshoring FDI at $40.9B, and 10% earnings growth. With Brazil trading a scandal and Colombia 10 days from a vote, Mexico’s lack of political risk is the differentiator. The World Cup on June 11 is a tourism catalyst; the USMCA review July 1 is the structural binary.

§04 · Market Commentary

Wednesday changed the technical character. Tuesday’s bounce stalled at the moving-average cluster; Wednesday cleared it, and the MACD bullish cross gives the move a momentum signature the prior sessions lacked. The high tagging the 69,249–69,263 cluster and fading shows the next gate is real, but structure favors continuation.

The differentiation is the story. Mexico has spent the week as the LatAm anchor while peers traded political risk. The Iran de-escalation was the spark, but Mexico’s clean fundamentals let it catch. The cloud top at 69,062 is the resistance toward a 70K retest; the cloud bottom near 66,818 is the floor.

05 Technical Snapshot

Mexico IPC S&P BMV daily chart May 20 2026 close 68894 +0.49% third up day cleared Kijun 68876 20-DMA gate MACD bullish cross histogram +163 RSI 50 neutral cloud top 69062 200-DMA 64828

S&P/BMV IPC daily, BMV. TradingView · May 21, 2026 06:16 UTC

IPC closed at 68,893.93, above the Kijun at 68,876 and 20-DMA at 68,801 — the gate cleared. The high at 69,137 tested the 69,249–69,263 cluster and faded, leaving that band and the cloud top at 69,062 as the next resistance. Support sits at the 50-DMA near 68,196 and the cloud bottom near 66,818; the 200-DMA at 64,828 is the 5.9% floor. MACD histogram +163.01, line above signal. RSI fast 50.16, slow 51.94 — neutral.

Resistance: 69,062 (cloud top) → 69,249–69,263 → 70,000
Support: 68,876 (Kijun) → 68,196 (50-DMA) → 66,818 (cloud floor)
Invalidation: A daily close back below the 68,196 50-DMA negates the bullish cross.

06 Forward Look

This week · The 69,062 cloud top
A close above the cloud top opens a retest of 70K. A fade below the Kijun stalls the recovery at the gate.
This week · Iran and yields
A confirmed de-escalation extends the global relief that powered the bounce. A breakdown re-spikes oil and yields, pressuring the tape.
June 11 · World Cup (21 days)
Mexico hosts. A tangible tourism catalyst for airport operators, hospitality and consumer names leading the rally.
July 1 · USMCA review (41 days)
The structural binary. Consensus expects the agreement intact; any Sheinbaum-Trump escalation is the key risk.

07 Questions & Answers

Why did the IPC rise a third day?
Regional relief plus a clean anchor. The Senate move to curb Trump’s Iran war powers pulled global yields and oil lower, lifting LatAm risk assets. With no electoral overhang to fight the relief, Mexico cleared the moving-average gate that stalled Tuesday — the bounce became a trend with a bullish MACD cross.
What does the MACD cross signal?
Momentum. The histogram flipped positive to +163.01 and the line crossed above signal — the first bullish cross since the selloff. With the close above the Kijun and RSI back at the midline, it marks the transition from repair to recovery. The next test is the cloud top at 69,062.
Why is Mexico the LatAm anchor?
No election overhang and a delivered rate cut. While Brazil trades its scandal and Colombia faces a May 31 vote, Mexico has no near-term electoral risk. Banxico already cut to 6.50%, nearshoring FDI runs at $40.9B. That cleanliness is why the regional relief became a trend in Mexico while Colombia decoupled lower.

Verdict

Wednesday’s 0.49% rise to 68,893.93 was a third up day that cleared the moving-average gate, with the MACD turning bullish for the first time since the selloff. The close above the Kijun marks the shift from repair to recovery. Mexico stayed the LatAm anchor, riding the Iran relief that lifted Brazil while Colombia fell on election risk. The cloud top at 69,062 is the next gate toward 70K. World Cup June 11 and USMCA July 1 are the binaries.

Related: Tuesday’s second up day · Brazil’s Iran-relief rebound · Colombia’s election decoupling.

Gate today: cloud top 69,062. Clear = 70K retest; below 68,196 = bounce stalls.

Disclaimer: This report is editorial market analysis based on publicly available data. It is not investment advice. Markets carry risk; consult a licensed professional before trading.

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