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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 a support but remains neutral near its EMA10, 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:
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