The Italian soap opera is back

This market corrects by going sideways. Every time breadth becomes extreme it goes in tight sideways range.

Couple of time the range had shakeouts but reluctance to sell is key character of this move.

This is a short week with Friday being holiday. Expect today to be only trading day with some volume as people would start thinning out on Thursday.

The Italian soap opera has potential for whipsaw.

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