S&P 500 Price Forecast – Stock Markets Have a Tough Tuesday

S&P 500 Technical Analysis

The S&P 500 futures market fell immediately during the day on Tuesday, as we continue to see a lot of concerns when it comes to the US economy, as well as the global economy. Quite frankly, with inflation raging the way it is, it does make a certain amount of sense that people are worried about the valuations of companies, and perhaps more importantly, forward guidance. It seems as if traders are worried about whether or not the consumer in the United States is going to continue to show strength, or if things are finally changing.

The size of the candlestick does suggest that there should be a bit of follow-through, and we are most certainly in a negative trend, and the easiest path should be lower. The market of course will be very volatile, but if you can look for signs of exhaustion on short-term charts, then you can get involved. As far as buying is concerned, it’s almost impossible to do so until we at least break above the 4150 level, and even then I think there’s a lot of noise all the way to the 4300 level.

As long as the Federal Reserve looks to be tight with its monetary policy, it’s likely that the S&P 500 will continue to struggle. Remember, Wall Street thrives on cheap and easy money, which is something that we do not have coming anytime soon. As long as inflation continues to strengthen, it’s likely that the Federal Reserve will continue to be a major problem for Wall Street. Nonetheless, I’m simply following what the charts are telling me, meaning that you should fade every time the market rallies and fails.

US Stock Market Forecast Video for 25.05.22

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