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Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
16.7% Moderate
Bovespa (Brazil)
Strong Bearish175,744
-0.48%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (32.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Loss of the 20-day SMA (180,330) flips the near-term structure bearish — the moving average now acts as a ceiling rather than a floor. The 32 RSI print suggests aggressive selling has run its course — buyers may attempt to step in near support. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. The model's top pick is Long Put (71%) — the optimal structure given current trend, momentum, and volatility readings.
Support / Resistance
Support173,544
Resistance199,355
Moving Averages
21-day SMA180,725
50-day SMA185,210
100-day SMA181,746
200-day SMA164,907
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 32.1 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
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 199,355 |
| 23.6% | 193,264 |
| 38.2% | 189,495 |
| 50.0% | 186,450 |
| 61.8% | 183,404 |
| 78.6% | 179,068 |
| Low (100.0%) | 173,544 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 202,710 |
| Ext 1.272 (Up) | 206,376 |
| Ext 1.618 (Up) | 215,306 |
| Ext 1.13 (Dn) | 170,189 |
| Ext 1.272 (Dn) | 166,523 |
| Ext 1.618 (Dn) | 157,593 |
Trade Setup
Entry
175,744
Stop Loss
177,302
Take Profit
172,627
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put71%
Buy OTM Put
Put Ratio Backspread71%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread68%
Buy Put + Sell lower Put
Market Search Previews
Key Takeaway
Track Selic rate expectations via DI futures curve alongside Ibovespa OI shifts for rate-sensitive sector trades.
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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.