📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
17.9% Moderate
Bovespa (Brazil)
Strong Bearish187,318
+1.39%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bullish
Monthly
Bullish
RSI (31.2)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (192,272), shifting short-term structure to defensive. The 31 RSI reading places the asset in the oversold zone. Watch for a bullish divergence — it would signal the selling wave is exhausting. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. The scoring engine flags Long Put with a 61% conviction score — the strongest signal in today's scan.
Support / Resistance
Support175,039
Resistance199,355
Moving Averages
21-day SMA192,043
50-day SMA187,307
100-day SMA178,147
200-day SMA160,788
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 31.2 confirms strong selling momentum, though nearing oversold territory.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 199,355 |
| 23.6% | 193,616 |
| 38.2% | 190,066 |
| 50.0% | 187,197 |
| 61.8% | 184,328 |
| 78.6% | 180,243 |
| Low (100.0%) | 175,039 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 202,516 |
| Ext 1.272 (Up) | 205,969 |
| Ext 1.618 (Up) | 214,382 |
| Ext 1.13 (Dn) | 171,878 |
| Ext 1.272 (Dn) | 168,425 |
| Ext 1.618 (Dn) | 160,012 |
Trade Setup
Entry
187,318
Stop Loss
188,764
Take Profit
184,426
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put61%
Buy OTM Put
Put Ratio Backspread61%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread58%
Sell Call + Buy higher Call
Market Search Previews
Key Takeaway
Track Selic rate expectations via DI futures curve alongside Ibovespa OI shifts for rate-sensitive sector trades.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets — completely free.
Explore Shunya.Trade →⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.