US500: Bearish Momentum Continues – Riding the Trend Down

The Trend Is Your Friend

US500 is showing clear bearish intent. Current price at 6021.61, down 0.47% in 24 hours. The trend is firmly bearish, and I'm not fighting it. Technicals point to continued downside pressure, especially with 6064.19 acting as strong resistance. We're seeing general risk-off sentiment pushing this down.

Intraday Short Setup

I'm eyeing a short entry on US500 at 6032. This is an intraday play. My Stop Loss is set tight at 6083, just above key resistance, acknowledging the aggressive risk. Target Profit is 5904, aiming for a retest of the 5900 psychological support and below the day's low of 5979.03.
Watching closely. Let's see if this plays out.