IT40 Index (FTSE MIB - Italy) has completed B wave within ABC zigzag down cycle, which is zigzag with smaller c subwave, which resulted in sharp drop. It is within C wave down, where 3rd subwave of C is in progress. Price must stay below 19548 level to validate the count. In weekly time frame, it is choppy after ABC correction ends at last low and new cycle WXY correcting now, where X wave down is under progress. IT40 is weaker index within European market as well as global indices.