Courtesy of Doug Short
Here’s the latest weekend update from Serge Perreault, a Chartered 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.
The S&P 500 broke two more supports this week, on 16.7% above-average volume but on now mixed momentum. Another support, dating back to the last two weeks of December 2010, appears to have stopped its fall on the EMA40.
The S&P 500 broke two more supports this week, on 16.7% above-average volume but on now mixed momentum. Another support, dating back to the last two weeks of December 2010, appears to have stopped its fall on the EMA40.
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
