After an initial bounce off the channel trend line
, low volume
trying to break through resistance at 10.8k and caused a heavy sell off down to the edge of the 10.1k support. If there is no bounce from here, the bearish
downtrend might begin. Look at the 382 fib level as the first support, alongside previous resistance from early Feb at 9.6k.
Bulls need to get us comfortably back above 10.2k if we are going to hold this bullish channel
... If not then the retracement begins