May 13, 2011 Analysis from Serge Perreault
Here’s the latest weekend update from Serge Perreault, a Chartered 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 flat, on 11.1% below-average volume and on mixed momentum (ROC broke its MA10 too). The index is in a triangle formation similar to April 2010, 8 points away from its EMA10.
Click for a larger image Note: For newcomers to technical analysis, here are brief explanations for the two key indicators that Serge features:
View the original article on dhsort.com
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