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 for the year, near a resistance and on now mixed momentum (ROC remains below its MA10).
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)