S&P 500 Daily Chart Analysis For Week of July 24, 2026S&P 500SPCFD:SPXTradeSelecterTechnical Analysis and Outlook: This week, the S&P 500 Index exhibited erratic movements in its trading activity. It initially rebounded strongly from the Mean Support level of 7,440, but then it quickly dropped, settling at a new Mean Support level of 7,376. This suggests that the current Active Retracement is primarily influencing the market this upcoming week, indicating a likely retest of the 7,376 support and a revisit to the completed Inner Index Dip at 7,295. On the upside, there's a possibility of a dump-and-pump scenario that make out lead to a retest of the Mean Resistance at 7,510. If this upward movement continues, it may even approach the completed Outer Index Rally at 7,610.