The most important thing to watch will be breadth

This is a holiday shortened week. Essentially we will have only 3 days of active trading. Volume would be low.

As the market has corrected substantially in last few weeks without a bounce, a bounce here will not be a surprise. Unless the bounce has significantly positive breadth, it is unlikely to stick for longer term direction change. The most important thing to watch will be breadth.

The most beaten down stocks are likely to bounce the most. That has been market tendency for last few years.

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