BVSP all the way down

INDEX:BVSP   Brazil Bovespa Index
Together with my last chart about the BVSP             , this is more of a Swing-Trade leveraged position against this active (BOV11 in IBovespa             and BVSP             in NYSE), considering the following fundamental key points:

* The main stocks are being hammered, some of them: Petrobras, Vale, Sabesp.
* Brasil fiscal efforts to keep a good spending balance showed some ugly side effects on the economy.
* The Brasil's economy plans to grow by 0.3% this year, which basically means a recession.

Basically, in the near term there's no way you can be bullish in this scenario until all the changes on the fiscal politics stabilize the economy and produce long-term growth. It may not even begin this year.

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