My normal charting software is tied to my trading account and they have it locked down for upgrades all weekend, so I had to build my charts online.
What a week of drama! We saw moves up and down 400 and 500 points this week and they are hard to stomach but it is part of the game. The more money you have invested, the more irrational are decisions are sometimes. So, I try to forget the actual dollar amounts, forget the majority of the news, and trade what I see. I may not make as much as some, but I sweat a lot less. Friday’s closing number was finally high enough to clear the entire price bar from Tuesday, so we have our first pivot low that could possibly be the base for our bottom. We need price to go up a bit more, fall back, then create a second pivot low that is higher than the one we just created. Volume also trailed off and is back in a normal looking range, so maybe the wild swings in the market will go away.
The Small Cap or S-fund made it’s pivot low Thursday which was a day early than the S&P 500. You have to understand that the Small Caps are more volatile and more appealing to the investors because there is more of a chance to make faster money. I still believe it is to early to invest here because we are just now forming a possible bottom. If you’re a gambler, I would say this would be a good entry.
The F-fund might be topping out here because Thursday it built a pivot high. So there is a chance that this fund will start to trail off. If it holds $108.42, I will stay in unless I’m given a better opportunity to make money somewhere else.
Conclusion: If you are currently invested in the C, S, or I, the charts are saying that it might be a good entry so I would stay in until they reverse. If your out looking in, then I would stay out and wait for more confirming signals that it is safer to enter. 
TSP Distribution: F-fund – 50%, G-fund – 50%
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