S&P 500 Daily Chart Analysis For Week of May 29, 2026S&P 500SP:SPXTradeSelecterTechnical Analysis and Outlook: The Index has achieved a notable accomplishment this week by completing the Outer Index Rally at 7,600. At present, the market is poised for an In-Force retracement, with a targeted support level at Mean Support 7,520. There exists a potential extension to Mean Support at 7,451, as the downward momentum is likely to restrict opportunities for profit-taking. Forecasts for the upcoming trading sessions indicate that the Index will remain focused on retesting the completed Outer Index Rally at 7,600 following the conclusion of the In-Force retracement movement. Subsequently, the attention will shift towards the Next Outer Index Rally at 7,707 and, in the longer term, to the Next #2 Outer Index Rally at 7,815.