US500 Short: Fading Resistance, Targeting a Drop

Current Market & Technicals

US500 is trading around 6034.73, still stuck in that sideways chop. We’ve seen the 24h change negative at -0.25%, with resistance holding strong at 6057.64 within the day's range. Simple is best here: the market isn't pushing higher, and without fresh bullish catalysts, I'm fading the top.

My Play

I'm looking for a scalp short on US500. Entry at 6040, targeting 5971. My stop is tight at 6067, just above that intraday high resistance and the 6057.64 level. If we break that, the thesis is busted. We're looking for a quick drop towards the 6011.82 support, then potentially 6000 and even 5950 if momentum picks up. Let it play out.