US500 Intraday Short: Trend Following for a High Probability Zone

Market Outlook & Trend Confirmation

Good morning, KoraFX community. Marie Koch here from Frankfurt, presenting an intraday opportunity on the US500. My analysis indicates a strong bearish continuation, aligning perfectly with my core belief that "the trend is your friend." Currently, the US500 is trading around 6028.76, having experienced a -21.24 (-0.35%) drop in the last 24 hours. The daily range from 5996.91 to 6060.62 reinforces this downward pressure, with the market failing to sustain rallies above key resistance. This prevailing bearish sentiment, coupled with broader macroeconomic headwinds creating a risk-off environment, sets the stage for a short position.

Technical Entry &