Technical Analysis and Outlook The S&P 500 market played out our down move from Mean Res 3912 (See: S&P 500 Daily Chart Analysis For July 1). Currently, we have a down move target specified at Mean Sup 3787, with a possible extended target to Key Sup 3665. However, if all fails, the market will take up the Inner Index Rally 4120 - Major Key Res 4177 is also a forward-looking mark.