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The SPREAD closed Friday 3/27/20, at 3,559.54 up +429.25 (+13.71%) this past week versus off -588.39 (-15.82%) the previous week. The current discount to the
52-week
high at off -34.92%. One definition of a correction is a discount to the 52 week high
of 10%. A bear market is a discount to the 52 week high of 20%.
The
SPREAD set a new all-time high at 5,469.25 on 1/16/20 and the 52
week low is 2087.40
set on 03/18/20. The SPREAD is off -1909.72 (-34.92%) for 2020, up +1022.61 (+23.61%) for 2019. It finished 2016 up 23.93% and 2017 up 15.44% and 2018.
Looking
at the 30 day chart above (top left) we can see selling at the end of
last week.
Watch closer!
The markets should follow the SPREAD. |
