Here's an update from Serge Perreault, a Chartered Accountant and market technician located near Montreal, Canada. Serge anticipated the S&P 500 pullback and has nicely annotated its progress in a series of posts:
Here's an update from Serge Perreault, a Chartered Accountant and market technician located near Montreal, Canada. Serge anticipated the S&P 500 pullback and has nicely annotated its progress in a series of posts:
Serge's latest chart identifies a new support level around 1029, the vicinity of the low at the beginning of November. A decline to that level would constitute a correction of 10.5% — a near bull's eye (pun intended) for the classic 10% pullback.
Click the chart for Serge's full commentary.
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