The S&P upward movement that I think is going to prove just a reaction of the Bear Market that is forming, just reached and felt an important Resistance level andand even though it did not give us a dramatic reversal, today, started to go down and broke a near term support trend line. That’s a beginning for the recovery of the Bear Market but let’s wait and see.
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As determined by the CVM (BRAZILIAN MARKET AUTHORITY) Resolution 598/2018 in its Article 21.
THIS ANALYSIS REPORT WAS PREPARED BY FAUSTO DE ARRUDA BOTELHO, ANALISTA DE VALORES MOBILIÁRIOS (“ANALYST”), PROPERLY CERTIFIED BY APIMEC NACIONAL (BRAZILIAN MARKET AUTHORITY ELECTED BY CVM), TO EXERCISE THAT FUNCTION IN ACCORDANCE WITH CVM INSTRUCTION No. 598, OF MAY 3, 2018. THE ANALYST DECLARES THAT THE RECOMMENDATIONS OF THE ANALYSIS REPORT REFLECT ONLY AND EXCLUSIVELY HIS PERSONAL OPINIONS AND WERE INDEPENDENTLY PROCESSED. FOR ALL PURPOSE, ANY AND ALL PHYSICAL OR LEGAL PERSONS HAVING ACCESS TO THIS ANALYSIS REPORT WILL BE CONSIDERED USERS. THE ANALYST IS NOT RESPONSIBLE FOR ANY OF THE OPERATIONS WHICH ARE OR ARE COMING TO BE PERFORMED BY THE USERS AND DISCLAIM ANY AND ALL LIABILITY FOR ANY DIRECT OR INDIRECT PROFITS OR DAMAGES ARISING OUT OF THE USE OF ANY INFORMATION CONCERNING THE REPORTED ANALYSIS REPORT. THE USER HAS EXCLUSIVELY THE DECISION TO PURCHASE AND / OR SELL SECURITIES OR CONTRACTS TRADED ON A OTC (OVER THE COUNTER) OR EXCHANGE MARKET OR CRYPTO EXCHANGES AND THE POSSIBLE PROFIT OR LOSS ARISING FROM SUCH DECISION. THIS ANALYSIS REPORT CAN NOT BE REPRODUCED OR REDISTRIBUTED, WHOLLY OR IN PART, WITHOUT PRIOR WRITTEN CONSENT OF THE ANALYST.
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