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Bovespa Cash Index

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BRA50 trade ideas

Anyway, the end of the well?- The Index in the last week fulfilled its role by starting the leg "C" of all movement theorized by Elliot. To finish the leg "C" and if everything goes within the "compliant", we will have just one more corrective move up to the 108.7K region. - If we lose the 108.7K region, (where we have a red bar ignored in the distant month of November, more precisely on the 30/11/2020) we can look at the weekly chart and see the 105.7K house as an important support, because this region was the top broken region of the post-pandemic and what took us to the current historical top in 125K. - In the diary we have all averages pointing downwards and the loss of all possible LTA's drawn: 2008 LTA (red line); LTA 2016 (black line); Pandemia 2020 LTA (blue line), which indicates a little more correction, and where we should be a little more attentive to the roles of the TOP 20 in the index. - The stochastic ("baptized") also signals a little lower, for then, "we found the bottom of the current correction". - Looking at Brazil risk, we have several news in the negative field that can make the correction in the IBOV even more accentuated. We have in mind: the “PEC of IMPUNITY” on the agenda; presidential “possible interventions” in state-owned companies; the “wind vaccines” and the lack of the original vaccines in some key states of the national economy; we have the fiscal ceiling and possible rides to “mitigate its effects on the economy”; we have our “dear” STF (Supreme Gods) with his mandates and misdeeds, always trying to stand out in any news, whether national or international, which does not help our battered economy at all. In the field of international news, the most relevant of all is about the 10-year American Treasuries up in the USA to control possible inflation (as seen without the brake of dollars and checks), which may momentarily glean negatively on our stock exchange, thus raising , the value of the dollar against the real. - Do your analysis and good business. -Be aware, If you buy, Use Stop!
BMFBOVESPA:IBOV
by MacD_Bollinger
1
IBOV indicators displaying early signs of recovery? Over the past decade, emerging markets such as the IBovespa (IBOV) have underperformed the U.S. considerably. Recently however economic surprises in emerging economies have begun to show signs of recovery, which historically led to better than expected gains, in accordance with analysts forecasts. During times such as these, compared to the U.S. when Emerging markets begin to show healthy economic data, the Emerging Markets / S&P 500 ratio fared quite well. For the midterm, providing IBOV can convincingly break, hold and close above the reliable 200 period daily moving average, at (1) we should expect to see a steady price increase with a first target in mind at 99940s followed by 102205.0 in extension. Alternatively, any weakness around these current levels (1) will most likely lead to an increase in selling pressure, where 93360s will be the first stop to the downside followed by 92280s. Below that, good support comes in at 90021.20.
BMFBOVESPA:IBOV
by rapidrunners
1