US500: Bearish Momentum Continues – Short Play Initiated

Market Overview

US500 is showing clear bearish momentum, currently at 6028.52 and down -0.35% in 24h. The broader market sentiment remains weak, confirming my bearish outlook. The trend is clearly down, and for me, the trend is always my friend.

The Setup

I'm looking to capitalize on this weakness. My entry for a short position is at 6036, targeting a retest of lower levels. Levels are clear for this move. Stop Loss tight at 6075, just above the 6060.74 resistance.

Trade Execution

Taking this trade with a Take Profit target at 5939. This aims for a break below the 5996.31 and 6000 support zones, potentially pushing towards 5950 and beyond. It’s a clean setup based on current price action and overall bearish trend. Manage your risk.