📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
18.2% Moderate
Bovespa (Brazil)
Strong Bearish184,108
+0.49%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (24.2)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (191,409), shifting short-term structure to defensive. RSI has collapsed to 24, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. On the MACD, the fast line has crossed below the signal line with a negative histogram — confirming the bearish momentum shift. The scoring engine flags Long Put with a 66% conviction score — the strongest signal in today's scan.
Support / Resistance
Support175,039
Resistance199,355
Moving Averages
21-day SMA191,447
50-day SMA186,945
100-day SMA179,392
200-day SMA162,050
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 24.2 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Signal
Lower Highs and Lower Lows (Downtrend Structure)
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
184,108
Stop Loss
185,689
Take Profit
180,945
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put66%
Buy OTM Put
Put Ratio Backspread66%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread63%
Sell Call + Buy higher Call
Market Search Previews
Key Takeaway
Monitor BRL strength and commodity correlations for BOVESPA directional cues during the B3 session.
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.