📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine
Latin America Market Post-Market Review
Volatility Index — CBOE VIX
14.6% Low
Bovespa (Brazil)
Strong Bearish167,491.06
-0.23%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (29.5)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day moving average at 174,636 now acts as overhead resistance — bears have reclaimed near-term control. RSI has collapsed to 29, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. The convergence-divergence oscillator is in bearish mode. Histogram expansion below zero signals sustained selling pressure. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.
Support / Resistance
Support167,141.81
Resistance180,680.00
Moving Averages
21-day SMA174,701.43
50-day SMA172,853.74
100-day SMA178,782.56
200-day SMA173,410.09
Moving Average Trends
Death Cross identified (50-day crossed below 200-day) — Bearish major signal
Momentum (RSI)
RSI is extremely low at 29.5 (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 crashed below the lower Bollinger Band, indicating panic selling or extreme bearishness.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Confluence
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 180,680.00 |
| 23.6% | 177,484.99 |
| 38.2% | 175,508.41 |
| 50.0% | 173,910.91 |
| 61.8% | 172,313.40 |
| 78.6% | 170,038.98 |
| Low (100.0%) | 167,141.81 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 182,439.96 |
| Ext 1.272 (Up) | 184,362.39 |
| Ext 1.618 (Up) | 189,046.60 |
| Ext 1.13 (Dn) | 165,381.85 |
| Ext 1.272 (Dn) | 163,459.43 |
| Ext 1.618 (Dn) | 158,775.21 |
Trade Setup
Entry
167,491.06
Stop Loss
169,035.54
Take Profit
164,402.11
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put86%
Buy OTM Put
Put Ratio Backspread86%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread83%
Buy Put + Sell lower Put
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.