US500: Riding the Bullish Wave to New Highs

Market Overview

The US500 remains firmly bullish. Current price 6071.85, up 0.36% in 24h – clear positive momentum pushing the index higher. We're challenging intraday resistance at 6104.62. "The trend is your friend," and this trend is strong. We need to see a decisive break above 6100 and then 6150 for the next leg up.

Intraday Play

My read is we see a dip and then push. Going long US500 at 6064. Stop Loss tight at 6025, just below the 6039.08 support. Targeting 6162 for Take Profit, aiming for a breakout above the 6150 resistance. Watching closely for price action around the entry. This is an intraday play, managing risk tightly.