The SPREAD closed Friday 1/11/2019, at 4,661.7 up +215.97 (+4.86%) this past week
vs up +145.79 (+3.39%) the previous week.
The SPREAD pulled back out of bear market territory 142 weeks ago, fell
back into bear market territory a week ago. The current discount to the
high at off -13.82%. 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 5,408.74 on 8/29/18 and the 52
week low is 4272.72
set on 12/14/18. The SPREAD is up +330.81(+7.64%) for 2019. It finished 2016 up 23.93% and 2017 up 15.44% and 2018 off -12.99%.
at the 30 day chart above (top left) we can see selling at the very end of
last week with buying.
The markets should follow the SPREAD.