Here's another technical commentary from Serge Perreault, a Chartered Accountant located near Montreal, Canada. Serge has some thoughts on the continuing uptrend and prospects for a correction. He's analyzed the performance of the S&P 500 since the March 2009 low in a chart with attention to trends in price, volume, relative strength, and rate of change.

Serge notes the divergence in volume and momentum and a potentially overbought condition, and he estimates some possible targets for correction.

Click the chart for Serge's full commentary.