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 remains neutral near its EMA10 on 5.9% below-average volume and on falling momentum (ROC broke its MA10 too).
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
The S&P 500 remains neutral near its EMA10 on 5.9% below-average volume and on falling momentum (ROC broke its MA10 too).
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
