A price action above 8550 supports a bullish trend direction. Crossing below this level will be the first sign of some weakness. Increase long exposure for a break above 8710. The target price is set at 8960 (its 38.2% Fibonacci retracement level). Might see an overshoot to its 200-day simple moving average. The target price is set at 8300. Remains a risky trade.