Alert ! This might be it.

The S&P 500 closed below the 52 week MA today and even though it is only one day in the weekly move, it is worth be very concerned. We still have 4 more days to go to make the week of trading complete for this bar, but if it closes below the first major support at 104.58 at any point this week, I will likely be pulling out of the C-fund. The chart to the right is for the SPY index that trades on the market but is the same as the S&P500. Just add zero to the end of the numbers and it will match the News reported price on the TV. If we go through 104.58, no telling where she will stop. The second major support that should at least slow it down is 87.00. You do not want to ride it down to these levels because that would be another 20% loss. Do not give back all the gains from a year ago, pull out and wait until we go back through the 50 week MA.

The S-fund is still safe at the moment, but it to requires monitoring. We closed on the 50 week MA but did not go through it. If we go though it tomorrow, I will make another post with a chart. I think today’s information is enough to consume for now.