Well, take a look at the EWZ, which is the Brazil ETF. The Brazil ETF is up 13%. So, get this. I mean, imagine if I woke up one morning and saw the NASDAQ or the S&P up 13%. Now, granted, our stock market is massive compared to Brazil's, but it's still a massive move up for one single trading day on the Brazilian stock market.
So, again, the EWZ is up sharply. If you looked at this chart, right, you had this breakout of this wedge pattern. Let me go to the weekly chart. Going back to the 2010 high, we broke out a while ago.
You rallied up, you pulled back, and now you're getting your next leg up. That's very normal when you get these type of breakouts. You have a check back, then you get your next leg up as the breakout continues its motion.
Now, would I be buying this up here? No, absolutely not. But on pullbacks, this would be an interesting opportunity.