Well based on the not so apparent trend reversal last Wednesday, June 22nd, I started to move my safe money back into the market and come Thursday it was down right shaky but end of day showed strength. Friday was another story and it looked as though the walls were falling down and all the buyers had stepped away from the table. Concern !! I’m very concerned at this point that the market is about to collapse based on what I now see as a possible head fake. The low of June 16th of $1258 may be tested Monday and if it holds, that is great, but if not, we are in trouble. The line in the sand has to be $1249 and if that is broken I will lick my wounds and bailout.
TSP Distribution: C-fund – 35%, S-fund – 35%, G-fund – 30%
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