Ibovespa didn't respected the fibonacci I drew in the chart and market is melting since first days of the year.
The future symbol has changed as I said in last post. It is now INDJ13 until April 17th.
What is giving me confidence now is that Petrobras - PETR4 - $PBR is making an 1-2-3 low and have a hook at 18.00. Its weight on Ibovespa makes me think that we could hold here or go higher from now on.
I really liked how this chart developed. I see divergence between price and MACD Line while it is crossing up.
I would take the trade if it breaks 18.00 and my stop is under 17.52
Have a nice trade!