US500: Riding the Bear Trend Down

Market View

US500 looks bearish, pure and simple. We're seeing a -0.49% drop today, currently trading around 6020.06. The day's high at 6064.97 held firm, suggesting resistance is strong. The trend is your friend, and right now, it's heading south. Broader market sentiment is clearly weighing in here.

Intraday Short Setup

My play is short on US500. Entry at 6031, targeting a retest of lower support. Stop Loss set at 6085, protecting against a break above resistance at 6100. Take Profit is aggressive at 5896, pushing past the 5900 support level. Watching closely for confirmation.