Where is the bottom?

We are probably getting closer to the bottom, 1 or two weeks away, after some more fakeouts and chop in our current $1000 range. Shorting now doesn't make much sense, but if we get back to the top of our range with at rejection from $8600-8800, I will be shorting. Think we should get a nice capitulation wick down to this weekly support, and that's where I'm trying to build a long term position.