It is always possible to add, or subtract, 360° to an angle to obtain an equivalent one. The symbol -= in the following passages is not a real=, but only an equivalent symbol.
-960° -= -960°+360°-=-600°-=-240°-= 120°
And 120^@ is 60^@ from the horizontal, so the reference angle for 120^@ and for the original 960^@ is 60^@