We have failed to come back above the 8150 zone on my monthly model so if nothing change fondamentally they can be a funny plunge to 7200 even 6700. Nevertheless the 7500 can act as a big support for rebounce before terminal phase.
I think it will do exactly what it did during the last gulf war. It dropped in anticipation of the war and after the war started it had a great rally. The war protestors are praying for a crash and they will be paying through the nose.