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The SPREAD closed Friday 4/130/2018, at 4,798.68, up +89.87 (+1.55%) this past week
vs off -35.09 (-0.73%)
the previous week.
The SPREAD pulled back out of bear market territory 108 weeks ago and out
of correction territory 98 weeks ago with a current discount to the 52-week
high at off -4.87%. 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 5,138.66 on 1/26/18 and is currently off -12.75 (-0.26%) on the year. The 52
week low is 4281.62
set on 8/21/27. The SPREAD finished 2016 up 23.93% and 2017 up 15.44%.
Looking
at the 30 day chart above (top left) you see a lot of indecision in the
last 4 weeks and a downtrend and the question now is will
it continue?
Watch closer!
The markets should follow the SPREAD. |
