US500 Intraday Short: Testing Resistance in a Sideways Market

Market Snapshot & Technical Read

The US500 is currently trading around 6061.99, showing a modest 24-hour change of just 0.2% (+11.99 points). This tight movement, combined with a day range of 6044.01 to 6079.96, clearly points to a sideways trend. While "the trend is your friend," it's crucial to identify the parameters of that trend. We're seeing price hover near the upper end of its recent range, approaching the intraday