IBOV heading to 83k?The Bovespa Index (IBOV) tried to breakout from resistance @ 87-88k, but only managed to make a false breakout, hitting 91k, and then returning aggressively below that same resistance.
After the very bullish candle on Dec 10th, the next 4 days couldn't even touch the high from that candle. Therefore, it seems to be only a healthy retracement before continuing going down.
Next major resistance is around the 83k level, and I don't see much that can keep it from getting there. No major economic positive news should come in the next few weeks, and the international scenario is clearly pulling everything south.
On the technical side, we have RSI & MACD divergence supporting the above analysis.
IBOV trade ideas
IBOV tem força para continuar subindo?Mesmo após Jair Bolsonaro ter sido definido como o novo presidente, os futuros ministros já terem sido divulgados e alguns assuntos importantes como a reforma da previdência voltarem a tona, será que a Bovespa tem folego para continuar subindo ou chegou a hora de realizar os lucros?
Como pode ser visto no gráfico, apesar de ter perdido a tendência de alta, ainda não está claro se está se iniciando uma nova tendência - de baixa, tendo em vista que temos um suporte a ser rompido para que isso seja de fato confirmado.
Gráfico diário IBOV pré segundo turno 2018Boa noite pessoal, em outubro passei a inserir notícias e/ou fatos relevantes no gráfico diário do índice para tentar prever alguma projeção dos investidores para com o mercado. Fiquem a vontade para comentarem a opinião de vocês. Acho que quanto mais debatemos e analisamos melhor conseguimos compreender o que de fato possa acontecer. BMFBOVESPA:IBOV
BRICS Custom Index forming new price channel (lower)Watch out below, folks. It appears recent support may not hold in my custom BRICS index as Emerging Markets appear to be under extreme pressures.
Recent news out of China, Malaysia and Mexico could lead to a complete EM market collapse.
Chinese capital markets are under extreme pressure right now and over $1 trillion in equity shares have been pledged to offset debt/loans. This may seem fine right now, but what if these share prices drop another 20~30%? What happens then?
Malaysia is opening and aggressively targeting corruption and graft with the new Mahathir administration. The biggest target so far has been local Malay business leaders and China. Trust me, Mahathir will lock up, charge and possibly HANG some of these people for what they have done to sell out the Malaysian people and country. The news from this could be catastrophic for China. Imagine hundreds of billions (possibly multiple-trillions) being exposed as "shady deals" with the intent to make China look more prosperous over the past few years. Imagine how destructive it would be to find out that China has been dramatically cooking the books for the past 4+ years.
Mexico, on the other hand, is very much like the wild, wild west right now. With the new Mexican President and a complete change in policies, no one really knows what is next. But what is likely is a truly epic reversal of core economic policies and what could be a dramatic destruction of people, property and future opportunities.
BRICs?? Remember, how fast a brick falls when you drop it and how dangerous it really can be. Be very cautious.
IBOV - TENDÊNCIA DE BAIXA - gráfico diárioCom o candle de ontem, 05/06/2018, o IBOV pode confirmar um pivot de baixa, cuja projeção seria 67.550. Ainda temos um suporte do canal de alta para ser vencido e a confirmação do pivot. Todas as médias moveis apontadas para baixo, com exceção da MA 200. Emocionantes capítulos a partir de hoje.
BOVESPA looking for a particular target?Brazil is not just disappointing in the World Cup, but also on Bovespa. However, some emerging markets will benefit from the worldwide turmoil.
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