NQ-mini: The Target for This Drop is 10,000 – 9,800

In mid September we got a shallow a-b-c up bounce in subwave -b- up followed by another drop (see the upper circle on the chart below):

This week we got even smaller a-b-c- up pullback in another subwave -b- up and this drop is a starting new leg down in subwave -c- down.

The main destination for that decline is 10,000.

But there are two minor support levels on the way down:

(i) 10,270 – 10,290 (a weak support marked by one green arrow),

(ii) 10,050 (a stronger support marked by two green arrows),

(iii) 9,800, the strongest support where this decline in subwave -c- of wave (w) down can bottom.

We can expect tradeable micro pullbacks off each of those support levels.

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