SP500 Daily Trade Setup 14/8/26
SP500 Daily Trade Setup 14/8/26
S&P 500 — H4 Bullish Wave Into 5=1, Then Fade Risk Toward 7700
The S&P 500 H4 execution chart is still trading with a constructive bullish Elliott Wave profile. The current advance looks like the market is working through a final upside leg inside the active H4 impulse, with the key wave 5 = wave 1 objective sitting around 7896.
That makes 7896 the immediate upside magnet and the first important reaction zone. The preferred sequence is not to chase blindly after that level is reached, but to treat it as a likely area for wave-five exhaustion, then look for a corrective fade back toward 7700 before the market attempts to build a stronger base for the next weekly upside leg. To review the technical chart, click here!
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!