Bovespa anticipated and happened

BVSP.DAILY WATCH FOR A COUNTERTREND RALLY TO 65,300 ANTICIPATED ALPHA.GLOBAL.INDICES.290611. Has been revolving around our initial targets at 62,500 for a while now and subdivision (ii) of circle iii could trigger a rally to 65,300. But after that wave circle iii should resume the decline towards our second target at 57,700. The condition: the current rally should not reach 66,400 (otherwise the bearish count is jeopardized).
BVSP.DAILY HAPPENED. Just reached the anticipated 57,700 target and should continue the decline over the intermediate term.

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Dan-Andrei Rusu graduated in 2005 the Faculty of Economics Cluj-Napoca, “Dimitrie Cantemir” University. In the same year he joined BT Securities as a financial analyst. He is currently the Head of Research at BT Securities and a speaker with Romanian Brokers’ Association. He is an MTA (Market Technicians Association, New York) affiliate and cleared CMT level 1 exam. He is a contributing columnist for Orpheus Capitals for the ALPHA GLOBAL INDICES.