US500: Bearish Trend Persists – Shorting for an Intraday Move

Market Structure and Technical Confirmation

Good morning, KoraFX community. Let's talk about the US500. The market data is quite clear: we are firmly entrenched in a bearish trend, with the index currently trading at 6025.68, down -0.4% in the last 24 hours. This isn't just a minor dip; the price action over the last day, ranging between 5989.21 and 6062.16, shows consistent pressure from the sellers. The trend, as always, is our friend, and right now, it's pointing south.
I'm seeing strong technical confluence supporting a short position. We have seen repeated rejection around the 6062.16 level, which has acted as a significant intraday resistance.