US500: Riding the Bearish Trend Down

Market Scan: Trend Is Friend

US500 is clearly bearish, sitting at 6027.51 and down 0.37% over 24 hours. The trend is my friend here. We've seen rejection around the 6061.25 resistance, and broader market sentiment remains cautious. Looks like more downside is on the cards.

Short Setup: Textbook Entry

I'm looking for a short scalp. Entry at 6036 is a textbook entry, aiming to catch the next leg down. My Stop Loss is set tight at 6076. We're targeting 5935, pushing past the 5950 support if momentum holds. Let it play out.

Levels to Watch

Keep an eye on that 5993.77 level. If that breaks, 5950 is next up, then my 5935 Take Profit target. Simple is best.