US500: Bearish momentum holding, targeting deeper support. Trend is the friend here.

Market Outlook

US500 showing clear bearishness. Price is currently at 6020.96, down -0.48% in 24h, failing to reclaim prior highs. The trend is your friend, and it’s pointing south. Resistance levels like 6064.52 and 6050 are holding strong, suggesting continued downside pressure. Simple is best – the chart tells the story.

Trade Setup

Looking for a scalp short on US500. Entry at 6031, aiming for a retest and breakdown. Stop Loss tight at 6083, just above recent resistance. Take Profit is aggressive at 5900, hitting a key support level. This looks like a textbook entry if current macro headwinds continue to weigh. Let it play out.