Short term price action range bound in the 7500 - 8100 level, while medium term price action is stuck between 7500 - 8800. Depending on your time preference and risk tolerance keep an eye on the pivot areas for bias. Roughly 7800 short term and 8150 medium term. 6900-7000 seems the likely area for support if 7500 breaks. Also, keep an eye on the 8 day ema and 24 day ema on the daily time frames for crossovers. It's very close now to a bearish cross but if it holds it will have represented a decent long term buying opportunity. Meaning if you decide to position for a long term play now be sure to keep an eye on the 8/24 ema's for a stop loss if it decides to perform a bearish cross.