S&P500 (a 4-hour chart)
Wall Street traded lower on Friday after the ECB disappointing decision which weighed on the global stocks.
The index closed the day in red figures. S&P500 got under intense selling pressure on Friday. The price sharply fell from the mark 2177 towards the current support 2165. The instrument broke the 50, 100 and 200 EMAs downwards. The resistance is seen at 2180, the support is at 2165.
MACD decreased which indicates the buyers’ positions weakening. RSI approached the oversold area.
We expect a further decline towards 2160. We do not exclude a short-term correction towards 2170.