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Shunya.Trade Options Engine
Latin America Market Pre-Market Analysis
Volatility Index — CBOE VIX
15.7% Moderate
Bovespa (Brazil)
Strong Bearish166,934.00
-0.10%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (28.0)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Loss of the 20-day SMA (173,961) flips the near-term structure bearish — the moving average now acts as a ceiling rather than a floor. RSI has collapsed to 28, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. Momentum confirmation is bearish — MACD histogram negative and signal-line crossover pointing lower. Heavy turnover at 1.4x average signals that the smart money is actively positioning. Conviction trade.
Support / Resistance
Support164,835.00
Resistance180,680.00
Moving Averages
21-day SMA173,949.00
50-day SMA172,747.44
100-day SMA178,541.40
200-day SMA173,627.30
Moving Average Trends
Death Cross identified (50-day crossed below 200-day) — Bearish major signal
Momentum (RSI)
RSI is extremely low at 28.0 (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 / Confluence
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 180,680.00 |
| 23.6% | 176,940.58 |
| 38.2% | 174,627.21 |
| 50.0% | 172,757.50 |
| 61.8% | 170,887.79 |
| 78.6% | 168,225.83 |
| Low (100.0%) | 164,835.00 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 182,739.85 |
| Ext 1.272 (Up) | 184,989.84 |
| Ext 1.618 (Up) | 190,472.21 |
| Ext 1.13 (Dn) | 162,775.15 |
| Ext 1.272 (Dn) | 160,525.16 |
| Ext 1.618 (Dn) | 155,042.79 |
Trade Setup
Entry
166,934.00
Stop Loss
168,495.20
Take Profit
163,811.60
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
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.