Economic reform isn't going as well as hoped, the Brazilian bubble is popping. Note that their market hit ATH, it looks like a double top due to currency exchange rates.
EWW whipsawed on it's way down last summer, expecting the same here. Short any pops up, watch both iBov and USD/BRL exchange rates.
EWW whipsawed on it's way down last summer, expecting the same here. Short any pops up, watch both iBov and USD/BRL exchange rates.
Note
Brazil market tends to track gold prices, with no inflation and no interest rates, I expect gold to fall as well.Note
Can't short anything in this market, taking the small profit and leavingTrade closed manually
Flipped some puts today for a decent gain, done for the day.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.