Short positions below 8850 with targets at 8800 & 8770 in extension.

Pivot: 8850
Our preference: short positions below 8850 with targets at 8800 & 8770 in extension.
Alternative scenario: above 8850 look for further upside with 8865 & 8905 as targets.
Comment: the upward potential is likely to be limited by the resistance at 8850.
Supports and resistances:
8905
8865
8850
8830 Last
8800
8770
8720