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.
In a fashion similar to the period of Jan-July, the S&P 500 continues to travel sideways, on 21% below-average volume, on mixed momentum and with a volatility of about 7%.
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features: