Getting Technical: Weekend Update
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 in ascension but on now mixed momentum and on 2% below-average volume. Note also that RSI is in overbought territory.|
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
(c) Serge Perreault CPA Inc.