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.
|This week, the S&P 500 broke above its previous record close by 3 points, on strong but near-resistance momentum and on below-average volume.|
Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
© Serge Perreault CPA Inc.