Optionstrategist iconOptionstrategistAug 14, 2026

Free Weekly Stock Market Commentary 8/14/2026

McMillan After the monster rally of 400 points in just a few days in early August, $SPX took a few days to consolidate. There should be some support in that consolidation area (7700-7800), with stronger support at the old highs (7620).

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McMillan After the monster rally of 400 points in just a few days in early August, $SPX took a few days to consolidate.

There should be some support in that consolidation area (7700-7800), with stronger support at the old highs (7620).

There is also a gap at the 7600 level which would act as support as well.

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McMillan After the monster rally of 400 points in just a few days in early August, $SPX took a few days to consolidate. There should be some support in that consolidation area (7700-7800), with stronger support at the old highs (7620). Now it is making new all-time highs once again.

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Now it is making new all-time highs once again. There is also a gap at the 7600 level which would act as support as well.

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