Trading the range in the Brazil ETF (EWZ) has worked well.  Currently EWZ finds itself up against very stiff resistance at the top of the falling range and this past Friday, on a micro basis, created a very ugly single day pattern.

For aggressive investors, pick up the inverse Brazil ETF (BZQ) with a 4% stop.  Odds favor trading the range, up against resistance.  Some time resistance will be taken out….when it does, you will want to own EWZ.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past