US500: Short Scalp from Resistance - Don't Fight the Range
US500ShortScalp7h ago3 views
Trade Setup
Entry Price
6074.00
Stop Loss
6106.00
Take Profit
5995.00
Risk : Reward
1 : 2.47
RiskReward
Market Snapshot
US500 is choppy, stuck in a sideways trend for now. Current price around 6067.63, bouncing between 6041.18 support and 6094.08 resistance. We've seen a small 0.29% move up in 24h, but it's not convincing. Simple is best, and right now that means respecting the range. Looking for a quick scalp here.
The Setup: Shorting Resistance
I'm eyeing a short position on US500. Entry at 6074, anticipating rejection from that 6094.08/6100 resistance zone. Risk is aggressive, as always. Stop Loss tight at 6106, just above that psychological 6100 level. Target is 5995, pushing towards the 6000 round number support. Markets feel a bit stretched here, some profit-taking is likely as we hit previous highs. Let it play out.
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