S&P 500 Daily Chart Analysis For Week of April 17, 2026S&P 500SP:SPXTradeSelecterTechnical Analysis and Outlook: The S&P 500 Index has continued to rise with incredible vengeance this week, retesting and surpassing the completed Inner Index Rally 6,840, nullifying the Key Resistance level of 6,977, completing the Outer Index Rally 7,026, and the Next Outer Index Rally 7,110 in one big sweep. Looking ahead to the forthcoming trading session, the S&P 500 Index is anticipated to rise to a steady-to-higher level by completing the Next Outer Index Rally 7,211 and possibly extending to an astonishing level of the Next #2 Outer Index Rally 7,311. Contrariwise, should the index sustain its upward momentum and complete the Next Outer Index Rally to 7,211, expectation is for a severe pullback to Mean Support 7,040, with the possibility of extending to Mean Support 6,962.