US500: Rejection at Resistance - Short Scalp Idea
US500ShortScalp2w ago1 views
Trade Setup
Entry Price
6047.00
Stop Loss
6057.00
Take Profit
6023.00
Risk : Reward
1 : 2.40
RiskReward
Market Scan
US500 currently sitting at 6044.69, showing a slight dip of -0.09% over 24h. We're clearly in a sideways trend right now, bouncing between the day range of 6036.72 and 6052.66. Price action is struggling to push past that immediate resistance at 6052.66. Techs suggest a failed breakout attempt.
The Play
I'm eyeing a short scalp here. With the market failing to breach 6052.66, there's potential for a quick retracement. Broader market sentiment is a bit cautious, adding a slight fundamental lean to the downside.
Entry for me is 6047. Stop Loss tight at 6057. Looking to take profit around 6023, just above the next key support at 6000. Watching closely.
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