Currently holding a short position on the US500 from the 6358 level, based on Smart Money Concepts. Price has tapped into a premium zone within a higher time frame supply area, showing clear signs of distribution. Liquidity has been swept above recent highs, and a shift in market structure confirms bearish intent. I’m targeting the 6205 level, expecting a rapid downside move in the very short term as smart money drives price toward discounted levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.