|
The SPREAD closed Friday 5/27/22, at 7,482.93, up +428.71 (+6.08%) this past week versus off -122.92 (-1.71%) the previous week. The current discount to the
52-week
high is off -12.91%. 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 8,592.23 on 11/08/21 and the 52
week low is 6871.64
set on 05/11/22. The SPREAD is off -776.60 (-9.40%) for 2022, up +1758.29 (+26.81%) for 2021, up +1196.62 (+22.31%) for 2020, up +1022.61 (+23.61%) for 2019. It finished 2016 up 23.93% for 2017 and up 15.44% for 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. |
