Getting Technical: Weekend Update
May 27, 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& P500 is still flat, on 13% below-average volume and on now mixed momentum. It remains squeezed between the resistances and the supports of 2 triangle formations and its EMA10.

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