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The SPREAD closed Friday 11/16/2018, at 4,886.71, off -53.98 (-1.09%) this past week
vs up +8.48 (+0.17%)
the previous week.
The SPREAD pulled back out of bear market territory 135 weeks ago with a current discount to the 52-week
high at off -9.65%. 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 5,408.74 on 8/29/18 and the 52
week low is 4667.08
set on 02/08/18. The SPREAD is off -14.55 (-0.30%) for 2018. It finished 2016 up 23.93% and 2017 up 15.44%.
Looking
at the 30 day chart above (top left) we can see some selling at the very end of
last week with the down trend still active.
Watch closer!
The markets should follow the SPREAD. |
