S&P 500 Daily Chart Analysis For Week of August 14, 2026S&P 500SPCFD:SPXTradeSelecterTechnical Analysis and Outlook: The S&P 500 Index has shown a steady-to-lower decline during the early phase of the weekly trading session, followed by a remarkable increase that enabled the index to complete the significant Outer Index Rally at 7,815 in due course. In light of this development, the S&P 500 Index pattern suggests an In-Force Retracement is likely, targeting the Mean Support level at 7,752 and, feasibly, extending to Mean Support at 7,706. At the other end, there is a scenario indicating that after the steady-to-lower on the first day of trading in the upcoming trading week, we will see follow-through to a retest of the prominent completed Outer Inner Rally 7,815, then possibly move higher on the journey to the next milestone target, marked as an Outer Index Rally 7,935.