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Latin America Market Post-Market Review
Volatility Index — CBOE VIX
15.2% Moderate
Bovespa (Brazil)
Strong Bullish185,814.09
-0.42%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (17.0% from 50% Eq) Market StructureMSS (Bullish) at 180,680.00
50% Equilibrium Baseline158,789.00
Bullish Order Block (+OB Demand)166,211.00 – 166,789.00
Bearish Order Block (-OB Supply)189,488.00
Fair Value Gap (FVG Imbalance)Bullish: 181,061.00 – 184,718.00
Liquidity Pools (EQH / EQL)Internal Liquidity
SMC Institutional Order Flow Summary
Institutional market structure remains bullish with active order flow defending discount value. Recent structural confirmation shows MSS continuation above primary support. Smart money order blocks are absorbing sell-side volume, positioning for expansion toward overhead liquidity.
Support / Resistance
Support164,835.00
Resistance189,488.00
Moving Averages
21-day SMA182,581.29
50-day SMA177,070.42
100-day SMA175,806.17
200-day SMA176,976.36
Moving Average Trends
Golden Cross identified (50-day crossed above 200-day) — Bullish major signal
Momentum (RSI)
RSI at 65.1 confirms strong buying momentum, with room to run before becoming extremely overbought.
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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 189,488.00 |
| 23.6% | 183,669.89 |
| 38.2% | 180,070.55 |
| 50.0% | 177,161.50 |
| 61.8% | 174,252.45 |
| 78.6% | 170,110.74 |
| Low (100.0%) | 164,835.00 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 192,692.89 |
| Ext 1.272 (Up) | 196,193.62 |
| Ext 1.618 (Up) | 204,723.55 |
| Ext 1.13 (Dn) | 161,630.11 |
| Ext 1.272 (Dn) | 158,129.38 |
| Ext 1.618 (Dn) | 149,599.45 |
Trade Setup
Entry
185,814.09
Stop Loss
183,862.04
Take Profit
189,718.20
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Bull Call Spread69%
Buy Call + Sell higher Call
S&P/BMV IPC (IPC)
Strong Bearish64,216.68
+1.07%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (6.2% from 50% Eq) Market StructureBOS (Bearish) at 63,841.29
50% Equilibrium Baseline60,440.64
Bullish Order Block (+OB Demand)61,018.72 – 61,741.03
Bearish Order Block (-OB Supply)63,863.57 – 64,301.09
Fair Value Gap (FVG Imbalance)Bearish: 63,768.40 – 65,263.32
Liquidity Pools (EQH / EQL)Sell-Side Sweep (EQL): 65,803.40
SMC Institutional Order Flow Summary
Market structure leans defensive following bearish structural displacement. Recent BOS confirms institutional distribution out of the premium zone. Overhead Order Blocks continue to cap relief bounces, keeping order flow focused on lower demand pools.
Support / Resistance
Support63,059.32
Resistance68,457.09
Moving Averages
21-day SMA64,765.12
50-day SMA65,531.49
100-day SMA66,709.37
200-day SMA67,190.01
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 47.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
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
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 68,457.09 |
| 23.6% | 67,183.22 |
| 38.2% | 66,395.14 |
| 50.0% | 65,758.21 |
| 61.8% | 65,121.27 |
| 78.6% | 64,214.44 |
| Low (100.0%) | 63,059.32 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 69,158.80 |
| Ext 1.272 (Up) | 69,925.29 |
| Ext 1.618 (Up) | 71,792.92 |
| Ext 1.13 (Dn) | 62,357.61 |
| Ext 1.272 (Dn) | 61,591.13 |
| Ext 1.618 (Dn) | 59,723.50 |
Trade Setup
Entry
64,216.68
Stop Loss
64,650.27
Take Profit
63,349.50
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put82%
Buy OTM Put
Put Ratio Backspread82%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread79%
Buy Put + Sell lower Put
S&P MERVAL (MERVAL)
Strong Bearish2,969,545.50
-0.98%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (18.0% from 50% Eq) Market StructureMSS (Bearish) at 3,145,475.00
50% Equilibrium Baseline2,515,694.00
Bullish Order Block (+OB Demand)2,842,298.00 – 2,866,690.00
Bearish Order Block (-OB Supply)3,233,105.00 – 3,320,722.00
Fair Value Gap (FVG Imbalance)Bullish: 2,946,379.00 – 2,958,715.00
Liquidity Pools (EQH / EQL)Buy-Side Sweep (EQH): 3,182,119.50
SMC Institutional Order Flow Summary
Market structure leans defensive following bearish structural displacement. Recent MSS confirms institutional distribution out of the premium zone. Overhead Order Blocks continue to cap relief bounces, keeping order flow focused on lower demand pools.
Support / Resistance
Support2,857,191.00
Resistance3,395,937.00
Moving Averages
21-day SMA3,049,240.31
50-day SMA3,105,385.75
100-day SMA3,081,965.92
200-day SMA3,009,385.45
Moving Average Trends
No significant recent moving average crosses.
Momentum (RSI)
RSI at 34.8 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
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern / Confluence
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 3,395,937.00 |
| 23.6% | 3,268,792.94 |
| 38.2% | 3,190,136.03 |
| 50.0% | 3,126,564.00 |
| 61.8% | 3,062,991.97 |
| 78.6% | 2,972,482.64 |
| Low (100.0%) | 2,857,191.00 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 3,465,973.98 |
| Ext 1.272 (Up) | 3,542,475.91 |
| Ext 1.618 (Up) | 3,728,882.03 |
| Ext 1.13 (Dn) | 2,787,154.02 |
| Ext 1.272 (Dn) | 2,710,652.09 |
| Ext 1.618 (Dn) | 2,524,245.97 |
Trade Setup
Entry
2,969,545.50
Stop Loss
3,008,110.99
Take Profit
2,892,414.51
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
S&P/TSX Composite (TSX)
Strong Bearish35,751.43
-0.72%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (20.6% from 50% Eq) Market StructureBOS (Bullish) at 35,629.90
50% Equilibrium Baseline29,648.40
Bullish Order Block (+OB Demand)35,082.10 – 35,364.80
Bearish Order Block (-OB Supply)37,069.10
Fair Value Gap (FVG Imbalance)Bullish: 34,403.70 – 34,739.70
Liquidity Pools (EQH / EQL)Internal Liquidity
SMC Institutional Order Flow Summary
Institutional market structure remains bullish with active order flow defending discount value. Recent structural confirmation shows BOS continuation above primary support. Smart money order blocks are absorbing sell-side volume, positioning for expansion toward overhead liquidity.
Support / Resistance
Support34,960.30
Resistance37,069.10
Moving Averages
21-day SMA36,126.64
50-day SMA35,979.75
100-day SMA35,294.32
200-day SMA34,055.54
Moving Average Trends
Bearish short-term cross (21-EMA crossed below 50-SMA) — Trend accelerating downward
Momentum (RSI)
RSI at 48.9 is well within the neutral zone, showing balanced momentum without extreme conditions.
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
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 37,069.10 |
| 23.6% | 36,571.42 |
| 38.2% | 36,263.54 |
| 50.0% | 36,014.70 |
| 61.8% | 35,765.86 |
| 78.6% | 35,411.58 |
| Low (100.0%) | 34,960.30 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 37,343.25 |
| Ext 1.272 (Up) | 37,642.70 |
| Ext 1.618 (Up) | 38,372.34 |
| Ext 1.13 (Dn) | 34,686.16 |
| Ext 1.272 (Dn) | 34,386.71 |
| Ext 1.618 (Dn) | 33,657.06 |
Trade Setup
Entry
35,751.43
Stop Loss
35,972.10
Take Profit
35,310.10
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put87%
Buy OTM Put
Put Ratio Backspread87%
Sell 1 higher Put + Buy 2 lower Puts
Bear Put Spread84%
Buy Put + Sell lower Put
BIST 100 (XU100)
Strong Bearish13,251.85
-0.64%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
⚡ Smart Money Concepts (SMC) Institutional Map
Premium Zone (11.5% from 50% Eq) Market StructureMSS (Bearish) at 13,876.70
50% Equilibrium Baseline11,885.73
Bullish Order Block (+OB Demand)11,150.90 – 11,305.10
Bearish Order Block (-OB Supply)14,401.00 – 14,540.00
Fair Value Gap (FVG Imbalance)Bearish: 12,912.60 – 14,252.20
Liquidity Pools (EQH / EQL)Internal Liquidity
SMC Institutional Order Flow Summary
Market structure leans defensive following bearish structural displacement. Recent MSS confirms institutional distribution out of the premium zone. Overhead Order Blocks continue to cap relief bounces, keeping order flow focused on lower demand pools.
Support / Resistance
Support12,817.00
Resistance14,730.20
Moving Averages
21-day SMA14,067.53
50-day SMA14,001.87
100-day SMA14,138.35
200-day SMA13,523.44
Moving Average Trends
Bearish short-term cross (21-EMA crossed below 50-SMA) — Trend accelerating downward
Momentum (RSI)
RSI at 36.6 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 / Confluence
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
| Level | Price |
|---|---|
| High (0.0%) | 14,730.20 |
| 23.6% | 14,278.68 |
| 38.2% | 13,999.36 |
| 50.0% | 13,773.60 |
| 61.8% | 13,547.84 |
| 78.6% | 13,226.42 |
| Low (100.0%) | 12,817.00 |
Extensions
| Extension | Price |
|---|---|
| Ext 1.13 (Up) | 14,978.92 |
| Ext 1.272 (Up) | 15,250.59 |
| Ext 1.618 (Up) | 15,912.56 |
| Ext 1.13 (Dn) | 12,568.28 |
| Ext 1.272 (Dn) | 12,296.61 |
| Ext 1.618 (Dn) | 11,634.64 |
Trade Setup
Entry
13,251.85
Stop Loss
13,465.72
Take Profit
12,824.11
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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