S&P 500 Daily Chart Analysis For Week of July 2, 2026S&P 500SPCFD:SPXTradeSelecterTechnical Analysis and Outlook: In the abbreviated trading session last week, the S&P 500 Index posted a significant gain, reaching the Mean Resistance levels of 7,418 and 7,497. It is anticipated that the Index will continue to ascend toward a higher target, identified as Mean Resistance at 7,553, which has considerable potential to retest the completed Outer Index Rally at 7,610, and invoke Outer Index Rally extensions as identified on the chart. On the downside, there is a considerable likelihood of initiating an In-Force retracement toward the inverse Mean Resistance at 7,553, which may trigger an ongoing downward price movement toward the Mean Support levels at 7,440 and 7,355, ultimately leading to a retest of the Outer Index Dip at 7,160.