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The SPREAD closed Friday 12/03/21, at 7,910.85, off 227.36 (- 2.79%) this past week versus off 224.82 (- 2.69%) the previous week. The current discount to the
52-week
high is off- 7.93%. 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 -10%.
The
SPREAD set a new all-time high at 8,569.12 on 11/08/21 and the 52
week low is 4901.02
set on 09/23/20. The SPREAD is up +1351.37 (+20.60%) 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 by selling at the end of
last week, although it's dropping quickly in a best guess is lower ground ahead.
Watch closer!
The markets should follow the SPREAD. |
