New fiscal season - Bovespa Bullish Setup

7 Des 2014

Considering both Technical and Fundamental aspects, both the new fiscal policy that benefits investors on the stock market and the technical market setup show us that soon we're going to be calling bottom, expecting a rise back to the 70.000- level after 2015, considering a new record and a new resistance. If the support breaks through before that and the policy fails to recover the market stamina, we can see a strong downtrend in the following months, which would be a fitting aspect if the economy falls in total recession. Anyhow, my setup is bullish.