BullBear Trading: Stock and Financial Market Technical Analysis

Steven Vincent's Blog – July 2011 Archive (1)

Is Brazil Putting Up A Bearish Warning Flag?

Brazil's Bovespa stock market index closed at fresh lows today.  It's rally off the early July low was far weaker than that of most other major world markets.  A look at the chart shows that a significant level of support going back to October of 2009 was violated in today's selloff.

In fact, the index is just a day's trade away from taking out its May 2010…


Added by Steven Vincent on July 12, 2011 at 1:00am — No Comments

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