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Getting Technical: Weekend Update

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Courtesy of Doug Short.

Here’s the latest weekend update from Serge Perreault, a Chartered Professional Accountant and market technician located near Montreal, Canada. Serge has been following the U.S. market in a series of weekly charts. Here is his update on the S&P 500.

This week, the S&P 500 continued its ascension, on improving but still near-resistance momentum and on below-average volume. The index is now 193% above the bottom of 2009 and 28% above the top of 2007.

Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:

  • ROC (Price Rate of Change)
  • RSI (Relative Strength Index)

© Serge Perreault CPA Inc.

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