Courtesy of Doug Short
This week, the S&P 500 bounced off its support and broke a resistance on 3.1% above-average volume and on improving momentum. However, the RSI is approaching its resistance for the 4th time since last April.
The Dow continued its ascension, but on 28.7% below-average volume and on near-resistance momentum (RSI in overbought territory again).
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features: