S&P 500 Daily Chart Analysis For Week of May 1, 2026S&P 500SP:SPXTradeSelecterTechnical Analysis and Outlook: The S&P 500 Index has demonstrated consistent upward momentum throughout the current trading week, advancing steady-to-higher following the completion of the Outer Index Rally at 7,211. As we look ahead to the upcoming trading session, projections indicate the Index is poised to continue its ascent, with the next target for the Outer Index Rally at 7,311. However, it is anticipated that a pullback to the Mean Support level of 7,209 will emerge before any upward movement restitution. Moreover, there remains a probability for the Index to extend its gains in the near future, with the subsequent Outer Index Rally target set at 7,580.