US500: Bearing Down – The Trend Is Your Friend

Market Outlook

US500 is clearly under pressure. Current price 6022.82, down -0.45% in 24h. The overall bearish trend is dominant, driven by current macro headwinds. We saw a day range from 5982.05 to 6063.59, with sellers stepping in.

Trade Setup: Short US500

Levels are clear. With the bearish momentum, I'm looking for a retest of resistance. Taking this trade: short US500 at 6033. My stop loss is tight at 6082, just above the daily high of 6063.59 and key resistance at 605