US500: Long Setup - Ride the Breakout. Simple is Best.

Current Read & Opportunity

US500 is sitting at 6035.12, consolidating in a sideways trend. We’ve seen a minor dip today (-0.25%), but the 6012.81 support has held firm. This range-bound action, coupled with general market sentiment looking for direction, suggests potential for a quick move. The trend is your friend, even out of consolidation.

My Play

I'm eyeing a long scalp. Entry at 6030. Stop loss tight at 6003. This puts us just under that 6012.81 support, respecting the structure. Take profit at 6097, aiming for the 6100 resistance