There are high probability that Ibovespa is entering minor wave 3 up of corrective wave B up during this week and if so prices should deliver double digit returns. Updates are being published here, follow SkylinePro to get updates
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If IBOV11 crosses 68,000 there is a good chance for it to be in a short-term correction (some days) before going down again. For speculators only.
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The support area is below 62,000, if the index passes this level the first posted probability scenario can be eliminated.
Trade closed: target reached
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Short term target reached, counter-trend should continue up in the short term, before the mid trend come back down
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Prices reached a total of 18% in 4 days reaching 74,446 on March 26