US500 Short Play: Fading Resistance Intraday

US500 Market Read

US500 caught in a sideways chop, currently at 6064.95 with the day range holding between 6042.53 and 6087.37. The trend isn't clear, but we're seeing a lack of conviction to push higher, especially as we approach the top of yesterday's range and initial resistance at 6087.37. The trend is your friend, but in a range, that means respecting the boundaries until a break.

Technical