US500: Fading the Recent Bounce – A Strategic Short Setup

Technical Confluence for a Short Bias

The US500 is currently trading at 6023.78, having seen a slight recovery within its day range, which spans from 5984.46 to 6063.11. However, let's not be swayed by mere intraday fluctuations. The overarching trend remains distinctly bearish, as evidenced by the -0.43% change over the last 24 hours. My analysis indicates a strong rejection zone forming just above current levels. I am eyeing an entry at 6036. This level is strategically placed, allowing us to capture a move should the market attempt to test resistance at 6050 or even the day