Courtesy of Doug Short.
Here’s the latest weekend update from Serge Perreault, a Chartered Professional 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 continued its ascension, on improving momentum and on 3% above-average volume but, the index and its ROC momentum indicator are now testing important resistances. |
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
(c) Serge Perreault CPA Inc.