MERVAL
📈 The Merval index shows a remarkably neat upward trend since Milei’s victory, characterized by consistent impulses and corrections.
📉 Corrections in the Merval have historically been around 20%, offering buying opportunities for investors.
📊 The index’s neatness suggests a high degree of accuracy in its future projections, indicating potential new historical records.
@ClaveBursatilTV:
“When I have a chart like the one you are seeing in the Merval, which is super neat, and it is so neat not only in the trend, which is all this, and this trend is since Milei emerged, winning the ballotage to the present day. What happened when he won the ballotage? The market soared, had its upward run, had its impulse, had its correction, had another impulse, stabilized at a level. At that level, the professor said, ‘The market was held down because they wanted to buy more.’ And indeed, it was. It only went down with the fall of the Nikkei. And from there, I dared, today I also dare, but back then I dared and told you in September, ‘Whoever doesn’t buy is a fool.’ Why? Because we are seeing how the upward staircase is formed in the chart, within an ascending corridor, an upward channel, impulse and retracement, impulse and retracement. And what was coming in the third impulse with dynamics? And I sensed the dynamics and said, ‘October will soar.’ And what it did, it started in October here, this is the month, October starts there and soared until January 7. But in that soaring, it not only reached the upper edge of that channel that it was working on throughout 2024, but it also doubled it, marking a historical record. Here, when it started, it was 600,000 of the Merval index; here it reached almost 2,900,000. And well, it deserved a correction. Now, notice the neatness: it makes the correction here of 30, it makes the correction here of 23, it makes a correction here of 27.5%. They are all more or less similar. It means that the corrections, the retracements that we can have in an upward trend, are not 1, 2, 3%; it’s around 20. And when it corrects to 20, many, many will tell you later, not at the moment because they don’t know, that they are losing, that the stock market is damaging them. Because it is making a correction, it is lowering prices. And those who are already in the stock market don’t want the price to go down. But those who are not in the stock market and will continue to make it rise are the ones who will enter, and we must give entry to others because the others don’t want to pay a high price; they want to pay a reduced price, they want to pay an offer price. And since the market is composed in trend of impulses and retracements, impulses and retracements, impulses and retracements, the rise by stock market philosophy is rises and falls, it is not only rises, nor only falls, and you have to understand it. But you understand it if you prepare yourself, if you study and convince yourself, if you do something to improve your profile in the market, so that you have enough knowledge and don’t get overwhelmed. That’s why we give the course. The trend was very neat, the correction was also very neat, and you know what? The reversal is also very neat. And if I have everything neat, the neater, the more accurate it is. That is my definition of the market: if it is very neat, it will be very accurate in its projection. So here I can guess that the market played the rebound to reversal because it surpassed all the moving averages, and not only did it surpass, but it also exited the downward channel. And it exits the downward channel from an important support, which is the 200-wheel moving average, making a bearish trap here. Here it made a trap, here it marked that it broke the 200-wheel moving average and that it had to go down more, and it didn’t go down more; it reversed. And bearish traps with bullish resolution have high performance; that also has to be learned. There are many things we are going to learn.”
Viewers can see the exact part of the @ClaveBursatilTV video where the Merval is discussed here:
View the video on YouTube.
Read more articles analyzing Merval at the following link. MERVAL stock.
