Lanmar
Short

Bovespa Index

INDEX:BVSP   Brazil Bovespa Index
71 0 3
The weakening of the Real will likely bring further losses in this index. A strengthening of the Real will continue to bring gains in the Bovespa index.

See correlation in chart below. It's been statistically significant for 16 years, and is ongoing.

Comment: Where I see the Brazilian Real reversing.

Comment: Monitoring for counter-trend trade. looking to go short. Expecting a break of the black trend line.

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