A lot has changed since my last post a month ago, and I have a pretty good ass whuppin' to show for it. The lack of any follow through on the few bounces we've seen has made it difficult, with the 2-3 monthly IFTs we have, to make an easy exit. Daneric's longer term wave analysis was indicating this current Bear market was approaching, but the Covid-19 crisis seemed to expedite the arrival of this massive decline. What's concerning to me, is that we could only be nearing the end of wave (1) of 5 DOWN! At this point I don't see how we revisit the highs of a month ago, now that we are in a bear market. It's not clear if today was wave 4 (of 1) up, or possibly the beginning of wave (2) up...either way, difficult decisions lie ahead to start chipping away at the losses from this brutal month. Covid-19 is wreaking havoc, and this country is still in the early stages of it.
For the first time in my federal career, I have to admit I'm starting to consider other investment options outside of TSP, primarily because of the relative lack of flexibility for moving funds around. I have a lot of homework to do on what's available.
Updated wave count:
WLSH 10 MINUTE.png
Big picture:
WLSHWeekly.png
S&P 500 chart:
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