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Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
15.8% Moderate
Bovespa (Brazil)
Strong Bearish173,788
-0.73%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (29.4)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price beneath the 20-day moving average (179,169), the burden of proof shifts to the bulls. Rallies into the SMA are selling opportunities until reclaimed. The 29 RSI print suggests aggressive selling has run its course — buyers may attempt to step in near support. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Volume prints 1.8x above the 20-day average — institutional conviction backs the move.
Support / Resistance
Support172,686
Resistance199,355
Moving Averages
21-day SMA179,557
50-day SMA184,982
100-day SMA182,017
200-day SMA165,289
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely low at 29.4 (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
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% | 193,061 |
| 38.2% | 189,167 |
| 50.0% | 186,020 |
| 61.8% | 182,874 |
| 78.6% | 178,393 |
| Low (100.0%) | 172,686 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 202,822 |
| Ext 1.272 (Up) | 206,609 |
| Ext 1.618 (Up) | 215,836 |
| Ext 1.13 (Dn) | 169,219 |
| Ext 1.272 (Dn) | 165,432 |
| Ext 1.618 (Dn) | 156,205 |
Trade Setup
Entry
173,788
Stop Loss
175,305
Take Profit
170,754
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.
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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.