US500 Short: Intraday Fade from Resistance

Market Read

US500 is flat, currently at 6048.77, caught in a tight sideways grind. Price struggling hard against immediate resistance at 6050.62. Lack of any real fundamental drive, 24h change is negligible (-0.02%). Technicals point to a stall here.

The Play

Taking a short position here. Entry at 6049, playing the rejection off this resistance. Stop Loss is tight at 60