|
The SPREAD closed Friday 11/25/22, at 7,347.57, up +120.57 (+1.64%) this past week versus off -118.44 (-1.59%) the previous week. The current discount to the
52-week
high is off (-13.08%). 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%.
The
SPREAD set a new all-time high at 8,592.23 on 11/08/21 and the 52
week low is 6494.63
set on 06/16/22. The SPREAD is off -1124.09 (-13.08%) for 2022, up +1758.29 (+26.81%) 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.
Watch closer!
The markets should follow the SPREAD. |
