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The SPREAD closed Friday 10/13/2017, at 4,673.96, off -19.19 (-0.21%) this past week
vs up +49.66 (+1.07%)
the previous week.
The SPREAD pulled back out of bear market territory 82 weeks ago and out
of correction territory 74 weeks ago with a current discount to the 52-week
high at off -0.62%. 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 4,703.24 on 10/05/17 and is currently up 10.31% on the year. The 52
week low is 3743.73
set on 11/03/2016. The SPREAD finished 2016 up 23.93%.
Looking
at the 30 day chart above (top left) you see a leveling over the last week and the question now is will it continue?
Watch closer!
The markets should follow the SPREAD. |
