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The SPREAD closed Friday 8/28/20, at 5,334.12 up +152.69 (+2.95%) this past week versus off -149.68 (-2.81%) the previous week. The current discount to the
52-week
high at off -2.47%. 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 2987.40
set on 03/18/20. The SPREAD is off -28.74 (-0.54%) 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 buying at the end of
last week.
Watch closer!
The markets should follow the SPREAD. |
