8750 is going to be the level to hold, with monthly support here, if we can hold this for the close of weekly tonight, things could be looking good!
Next level of support is around 8200, for weekly support. either way if we can remain above these two levels, i will remain bullish in the long term.
That doesnt mean to say a break below 8200 will be "bad" for...
although we may see another leg up to the mid 9k's a retrace to at least 8.2k is pretty likely in my opinion.
nothing to suggest we have broken out of the down trend of the last leg!
The Trading Sargent