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The SPREAD closed Friday 6/18/21, at 7,899.82, off -366.63 (4.44%) this past week versus up +106.45 (+1.30%) the previous week. The current discount to the
52-week
high is off -4.44%. 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 8,266.45 on 6/11/21 and the 52
week low is 3304.68
set on 04/03/20. The SPREAD is up +1340.34 (+20.43%) for 2021, up +1196.62 (+22.31%) for 2020, up +1022.61 (+23.61%) for 2019. It finished 2016 up 23.93% for 2017 and up 15.44% for 2018.
Looking
at the 30 day chart above (top left) we can see selling at the end of
last week, although the trend line it is still up. Let's see if it can hold.
Watch closer!
The markets should follow the SPREAD. |
