US500 Intraday Short: Resistance Holds, Looking for a Dip

US500ShortIntraday6d ago16 views

Trade Setup

Entry Price

6065.00

Stop Loss

6085.00

Take Profit

6015.00

Risk : Reward

1 : 2.50

RiskReward

US500 Technicals & Trend


US500 is currently at 6061.18, caught in a sideways chop. Price tested the day's high at 6077.94 and is struggling to break past the 6100 resistance level. The trend isn't clear, but resistance is holding firm. Levels are clear: we have strong resistance above and 6044.41 acting as immediate support. Market caution on upcoming economic data could keep price suppressed.

My Intraday Setup


Given the current rejection near resistance, I’m taking this trade short for an intraday move. It's a clean setup.
* Entry: 6065
* Stop Loss: 6085 (just above the 6077.94 daily high and 6100 resistance)
* Take Profit: 6015 (targeting a retest of the 6000 support zone).
The trend might be sideways, but I'm looking for a short-term drop within this range. Always manage risk, market can always surprise.

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