S&P 500 Daily Chart Analysis For Week of July 17, 2026S&P 500SPCFD:SPXTradeSelecterTechnical Analysis and Outlook: The S&P 500 Index scored a substantial retreat in this week's trading activity from the Key Resistance 7,578 and successfully hit our Mean Support level at 7,440, indicating an upcoming strong bounce to continue the current rebound, eyeing a retest of the completed Outer Index Rally 7,610 via the Key Resistance 7,578 mark. On the other side of the fence, there exists a significant likelihood of a pump-and-dump to resume the current active Retracement to Mean Support 7,355. This colossal movement may trigger a sustained, violent downward price trend to retest our completed Inner Index Dip of 7,295.