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 remains neutral near a resistance, on improving momentum and above-average volume, but the downtrend in volume remains puzzling. |
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
© Serge Perreault CPA Inc.