Well, this one is flying solo its 3rd wave with some more room to go up. All trends pointing up after presidential ellections in Brazil may put it in a bullish for some more time. A pushback is espected and a final maximun too, later, so watch it carefully. A long CALL is a good choice but it will need to be managed after the pushback, because a 4th wave is pretty difficult to handle.
The future is rather grey but this one has a brighter light than others, and is also very correlated with oil.
Nov 16th, and the trend moved South East, the proposed long CALL was useless. A 251 support leval is containing all activity above.
The 300 level is far fom here and the future remains uncertain.
The 300 level is far fom here and the future remains uncertain.