Getting Technical: Weekend Update

Analysis from Serge Perreault
April 11, 2014

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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 broke 2 supports, including its EMA10, on 11.3% above-average volume and on falling momentum. It is now about 15 points or 0.8% away from its uptrend support and 48 points or 2.6% away from its EMA40.


Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:

  • ROC (Price Rate of Change)
  • RSI (Relative Strength Index)

(c) Serge Perreault CPA Inc.





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