US500: Short Play Brewing as S&P Hits Resistance – Time for a Pullback?

Current Market Vibe on the S&P 500

Alright KoraFX fam, let's talk US500. It's currently chilling at 6032.24, down just a hair at -0.29% for the day. We've been seeing some pretty clear sideways action lately, bouncing between the day's low of 6005.59 and high of 6058.88. While it's been a beast for a while, it feels like we're struggling to push past that 6058.88 resistance point. This could be a good spot for some profit-taking or just a healthy retrace before potentially going higher later.

My Setup: Playing the Short Side for a Swing

Given the current range-bound action and that hesitation near resistance, I’m eyeing a short swing setup. I’m looking for an entry around 6041. My stop loss is set at 6084 – that's safely above the major resistance at