S&P 500 Daily Chart Analysis For Week of Sep 4, 2026S&P 500SPCFD:SPXTradeSelecterTechnical Analysis and Outlook: In the prior week's trading session, the S&P500 index rose progressively higher after retesting the crucial Mean Support level at 7,643 and re-marking the support level to a new Mean Support level of 7,611. In the upside scenario, the index pattern indicates a retest of In-Force Rebound prices to the Mean Resistance level at 7,767, extending to do-over the completed Outer Index Rally at 7,815, driving through the Key Resistance level marked at 7,800. Nevertheless, on the downside, there is a likelihood that index prices will experience steady-to-lower price movements and afterward rebound higher, as indicated in the upside scenario above. If this sequence of events fails, the downside-suggested price target is strong: Mean Support 7,611.