Thrift Savings Plan (TSP) S-Fund IdeaA few things to consider, on the macro side of the house: Jerome Powell, while ambiguous, did not distance the fed from a potential longer rate hike cycle, nor did he commit to the current terminal rate. 25 BPS and high employment inclines me to believe that inflation will go up MoM. On the technical side of the house, the highlighted area is where we've seen reversals and this is where we took a down turn in August, after that last June-Aug 2022 rally. Planning on moving to the G-Fund, based on reaction to this zone. I am not committed to a bearish or bullish thesis BUT things do seem eerily similar to the aforementioned rally.
TSP
IWM is going down and taking the SPY with it!From what I see is utilizing the fib retracement from the 2020 low to the top of you can see great support and resistance . Ironically looks like it's going to flirt with the 0.618 fib retracement level. IWM is on it's way down and I see it filling the gaps that I circled. Along the way the SPY is mimicking the movement of IWM , so I see more downside for SPY as well. I'm waiting to deploy my money around the 155 zone for IWM . I will watch for a bottoming for SPY around that time as well. If you're able to utilize puts this could be a good idea. I'm in the TSP so that is not an option for me currently. I'm in the G fund awaiting the best time to enter. Good luck all!