Tactical low should be forming soon
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Getting there, most likely into 2070s before bounce into January. Interestingly, the bit bottom should be in March 2017, exactly 8 years post the March 2009 depression low, around 3x666=2000. What a symmetry, if happens!
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Ok, so next week are the US election. If Trump wins, then there will be a wash out sell off which could finish just like the Brexit sell off, in other words will reverse bullishly within a very short time period.There is a gap at 2035/2040 which i think will be closed on the next wave down in 1Q17, but outside chance for now
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Futures closed the gap perfectly. Bang on
