The S&P 500 is dropping again, but chart analysts don’t see signs of a bottom yet

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, May 9, 2022.
Brendan McDermid | Reuters

Five straight weeks of declines for the S&P 500 have many investors asking just how far this market pullback can go. Technical strategists have an answer, but it's not what many want to hear.

More In Investing trends

CNBC ProThese stocks are so cheap, they're good buys even if earnings take a hit, Trivariate Research says
CNBC ProThe grand 'work from anywhere' experiment got a few things wrong. Here's how companies are fixing it.
CNBC ProStocks keep hitting new lows. Here's how to protect your portfolio and generate some returns