The market is BRAZIL BOVESPA index.
Here's the daily chart of Brazil stock market over last 3 months
Brazil market has rallied 38% over last 3 months on HOPE that worst is behind them. This April 17 - Brazilian lawmakers are voting to impeach current President Dilma Rousseff. If she is impeached, then Vice President Michel Temer will take over and he is considered business friendly. There is HOPE that he could put the economy back on track
Last September - I made this video to explain the Brazil Situation. Watch it in case you haven't
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers