As you can see we are in a nice descending wedge and just about to either bounce back to its lower support line to finish the target of the two bear flags or spike. On a smaller timeframe (15 min chart) we have broken out of a neat triangle and the previous support and resistance the the bear flags created. Great volume so i'd say target around 9000 as your first selloff. Created using fib extension from the wave before the triangle and targeting a 1:1 with a nice round number. Perhaps one more bounce of of the 8500 support and after that liftoff.https://www.tradingview.com/chart/Ls11pOn5/