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.
Following last week’s squeeze, the S&P 500 broke three supports, on 17% below-average volume and on now falling, but near-support, momentum. A break of the 1300 support could bring the index down on its EMA40
Following last week’s squeeze, the S&P 500 broke three supports, on 17% below-average volume and on now falling, but near-support, momentum. A break of the 1300 support could bring the index down on its EMA40
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
