Getting Technical: Weekend Update

September 26, 2014

by Serge Perreault

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 fell but bounced off its uptrend support and is back to neutral, on above-average volume and on falling momentum.

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)

© Serge Perreault CPA Inc.

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