US500: Riding the Bearish Wave Down to Key Supports

Current Market Posture & Trend Confirmation

Alright team, let's talk US500. Looking at the charts, the picture remains clear and, frankly, the data is compelling. We've seen a noticeable shift, with the US500 currently trading at 6021.7, down -0.47% over the last 24 hours. The overall trend is decidedly bearish, and as you know, "the trend is your friend." Price has been struggling to hold above resistance, with the recent daily high capped at 6064.15, reinforcing the selling pressure. This tells me that institutional order flow is leaning heavily to the downside, with sellers stepping in quickly on any rallies.

Technical Setup & Key Levels

Given this prevailing bearish sentiment and price action, my focus for a swing trade remains on the short side. I'm looking for an entry around 6035. This level represents a retest of recent resistance, offering a good risk-reward profile if the