US500: Riding the Bearish Trend – Intraday Short Setup

Market Outlook

US500 is clearly bearish, trading at 6028.06 with a -0.36% drop. The trend is your friend here. We've seen rejection around the 6060.97 resistance zone. This recent weakness signals continued downside pressure, giving me a strong fundamental cue for a short bias.

Technical Setup

Levels are clear for an intraday short. I'm looking for an entry around 6036. The 5995.15 support level will be key, but my target is much lower. This is a clean setup.

Trade Plan

Taking this trade with a tight stop loss at 6075. My take profit objective is set aggressively at 5937, aiming to capture the momentum if the bears push through 5995.15 and 6000. Aggressive, but that's my style.