S&P 500: technical analysis and trading recommendations_05/25/2022
As we noted above, at the time of publication of this article, S&P 500 futures are traded near the 3940.0 mark, testing the short-term support level 3941.0 (EMA200 on the 15-minute chart) for a breakdown. In general, the downward dynamics of the S&P 500 prevails, and the breakdown of the support level 3941.0 will be a signal for the resumption of short positions. A strong negative momentum remains, which may once again push the S&P 500 towards the important support level 3860.0 (EMA144 on the weekly chart). Further decline and breakdown of the key support level 3640.0 (EMA200 on the weekly chart) may finally push the S&P 500 into the zone of a long-term bear market.