The SPREAD closed Friday 8/4/2017, at 4,461.40, off -47.68 (-1.06%) this past week
vs off -12.46 (-0.39%)
the previous week.
The SPREAD pulled back out of bear market territory 73 weeks ago and out
of correction territory 67 weeks ago with a current discount to the 52-week
high at off -2.08%. 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%.
SPREAD set a new all-time high at 4,556.27 on 7/26/17 and is currently up 5.29% on the year. The 52
week low is 3743.73
set on 11/03/2016. The SPREAD finished 2016 up 23.93%.
at the 30 day chart above (top left) you see a selloff late week but the question now is will it continue?
The markets should follow the SPREAD.