There is something relentlessly bullish about Brazil it seems. I made a projection upward once even last year and it played out. After the recent 5 wave rise I thought it would fall with world markets but not a sign. A 3 wave correction and off it is again to the races. This even as the BRL, currency has weakened. So either it is only going to the top end of the channel at 109400 or 3=1 all the way to 130000. Some crazy numbers, but it is at 96392, as of yesterday.