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.