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The SPREAD closed Friday 10/11/19, at 4,909.24 up +39.87 (+0.82%) this past week versus off -83.11 (-1.68%) the previous week. The current discount to the
52-week
high at off -9.24% and currently in correction territory. 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 4084.20
set on 12/24/18. The SPREAD is up +578.80 (+13.37%) for 2019. It finished 2016 up 23.93% and 2017 up 15.44% and 2018 off -12.99%.
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. |
