S&P 500 Daily Chart Analysis For Week of August 21, 2026S&P 500SPCFD:SPXTradeSelecterTechnical Analysis and Outlook: In last week's trading session, the S&P 500 has experienced a consistent, gradual decline following the completion of the Outer Index Rally at 7,815 from the previous week. In light of this price action, the Index print suggests an In-Force Rebound is likely, initially targeting the Mean Resistance level at 7,735 and, conceivably, extending to retest the completed Outer Index Rally 7,815 via Key Resistance 7,800. However, there is a chance that it exhibits continuity of the steady-to-lower mode to the Mean Support 7,588, which will trigger a reversal to the upside as an In-Force Rebound pattern from that point onward.