US500: Bullish Trend Holds, Next Leg Up Imminent

Trend Confirmation & Levels

US500 remains firmly bullish. Current price 6072.52, showing solid strength. We’ve seen price respect the 6038.74 support level, confirming the underlying trend. Resistance at 6106.3 is the immediate hurdle, but momentum is building for a break. Simple is best: the trend is up.

Intraday Long Setup

My play is long US500. Entry around 6064 for a textbook setup. Stop Loss tight at 6023, below recent lows and the 6038.74 support. Targeting 6165 for profit. Expecting this intraday push to clear 6100 and head towards 6150. Broader positive market sentiment provides the underlying strength needed. Let it play out.