US500 Intraday Short: Resistance Holds, Looking for a Dip
US500ShortIntraday6d ago13 views
Trade Setup
Entry Price
6065.00
Stop Loss
6085.00
Take Profit
6015.00
Risk : Reward
1 : 2.50
RiskReward
US500 Technicals & Trend
US500 is currently at 6061.18, caught in a sideways chop. Price tested the day's high at 6077.94 and is struggling to break past the 6100 resistance level. The trend isn't clear, but resistance is holding firm. Levels are clear: we have strong resistance above and 6044.41 acting as immediate support. Market caution on upcoming economic data could keep price suppressed.
My Intraday Setup
Given the current rejection near resistance, I’m taking this trade short for an intraday move. It's a clean setup.
* Entry: 6065
* Stop Loss: 6085 (just above the 6077.94 daily high and 6100 resistance)
* Take Profit: 6015 (targeting a retest of the 6000 support zone).
The trend might be sideways, but I'm looking for a short-term drop within this range. Always manage risk, market can always surprise.
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