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&P500 remains in a sideways trading range, 6% below-average volume but on improving momentum and while testing the first of 3 resistances ahead.
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
