As Brazil goes, so goes the market?
Lately, it’s been Brazil that’s been acting almost as a proxy for the market as a whole. Take a look at ProShares double-short Brazil ETF:
I would consider buying this one (i.e. shorting Brazil) on a breakout above the trendline shown ($25), which also right now is the resting point for its 20 and 50 day moving averages.
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