US500: Riding the Bearish Wave Down

Trend & Levels

The trend is your friend, and for US500, it's clearly bearish. Current price at 6029.1, with a -0.35% drop in 24h, confirms the sentiment. I'm seeing resistance holding strong around the day's high of 6060.45. Levels are clear here for a continuation lower.

My Play

This is a clean setup for an intraday short. Taking this trade: short US500 at 6037. My stop loss is tight at 6075, just above recent resistance. Targeting 5943, aiming for the next major support zone around 5950. While the market can always surprise, the technicals align.