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Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
15.4% Moderate
Bovespa (Brazil)
Strong Bearish167,875.00
-2.50%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (28.9)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Beneath the 20-day moving average (175,062), the tape is in distribution mode. Sellers control the structure. At 29, the momentum gauge is deeply oversold. Mean-reversion setups become statistically attractive, though confirmation is key. MACD histogram turns negative, adding weight to the bearish thesis. Volume prints 1.4x above the 20-day average — institutional conviction backs the move.
Support / Resistance
Support167,569.00
Resistance180,680.00
Moving Averages
21-day SMA175,137.14
50-day SMA172,987.88
100-day SMA178,910.36
200-day SMA173,293.06
Moving Average Trends
Death Cross identified (50-day crossed below 200-day) — Bearish major signal
Momentum (RSI)
RSI is extremely low at 28.9 (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
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 180,680.00 |
| 23.6% | 177,585.80 |
| 38.2% | 175,671.60 |
| 50.0% | 174,124.50 |
| 61.8% | 172,577.40 |
| 78.6% | 170,374.75 |
| Low (100.0%) | 167,569.00 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 182,384.43 |
| Ext 1.272 (Up) | 184,246.19 |
| Ext 1.618 (Up) | 188,782.60 |
| Ext 1.13 (Dn) | 165,864.57 |
| Ext 1.272 (Dn) | 164,002.81 |
| Ext 1.618 (Dn) | 159,466.40 |
Trade Setup
Entry
167,875.00
Stop Loss
169,438.13
Take Profit
164,748.74
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put89%
Buy OTM Put
Put Ratio Backspread89%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread86%
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.