US500: Fading the Sideways Grind – Intraday Short Opportunity

US500ShortIntraday2h ago5 views

Trade Setup

Entry Price

6047.00

Stop Loss

6063.00

Take Profit

6016.00

Risk : Reward

1 : 1.94

RiskReward

Current Market Posture & My Contrarian View


The US500 has been displaying a rather unconvincing sideways trend, currently hovering around 6043.49, with a marginal 24-hour dip of -0.11%. The daily range has been quite tight, bounded by 6033.73 and 6053.25. While many might be waiting for a definitive break higher, I'

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