for me to start projecting time targets for a bottom but I do have some potential guesses based on potential cycle low projections. Because this Sink Hole opened up so early the first possible cycle low rotates in mid Aug to early Sept. I have a guess that Oct will be catching a retracement rally of some degree for expiration. There is always the possibility that when Dec takes over as front month, that it catches the final bottoming Downdraft for early Nov cycle low. The "catch 22" problem I have with the Nov cycle low rotation, is that it does not have to be a new low or even lower than the Oct contract low. It may only prove to be an attempted failed retest of the low the Oct contract puts in on the Weekly Continuation chart.

As a general rule for the high percentage winner for which contract gets the honors of putting in Wkly Cont Chart low goes to the Oct contract. With that in mind I have to favor the Cycle Low Rotation due from mid Aug to early Sept time frame. I would have to say------the day Trump decides to step away from the Trade War Games spotlight-----this Sink Hole will have a bottom. We have to be careful with that because they can announce an agreement one day and 2-3 days later change their minds about the deal.