US500 Short Setup: Bearish Rejection on the Horizon

Market Outlook

US500 still battling the 6000-6100 range. Current price at 6034.61, caught in sideways action. While "the trend is your friend" usually guides me, I'm seeing a potential rejection around resistance. The day's high at 6057.69 held strong, signaling weakness above that level.

The Play

Taking a short scalp on US500. Entry at 6040. Stop loss set tight at 6068, just above the 6057.69 resistance, limiting exposure if we push higher. This is an aggressive move, but the risk/reward is there.

Targets & Watch

My Take Profit is 5971. I'm targeting a move down towards the 6000 psychological level, and potentially breaking below the 6011.53 support to test 5950. Broader market sentiment remains a bit shaky, which could provide the push we need. Watching closely.