I strongly believe 7900 was the bottom of this downtrend/correction, and from here on out, we're on a upward straight to all new highs.
I believe so for several reasons...
1) 7900 was the target for the major we had, as well as the minor that took us from 8200 to 7900.
2) We experienced a , with the same structure and pattern as the one that occurred a few days after the Consensus 2016 event.
3) We broke out of the 200-day MA.