US500 M15 – Rejection at Resistance, Short Setup

Price delivered a strong bullish impulse from the 6,780 support zone, breaking short-term structure and pushing into the 6,845 resistance area. After reaching this level, momentum started to fade with signs of rejection near the previous supply zone.

The highlighted zone represents a premium area where sellers may step in, offering a potential short opportunity as price reacts from resistance.

Trade Idea

• Entry: ~6,825 – 6,830
• Stop Loss: Above 6,845 resistance
• Target 1: 6,800 intraday support
• Target 2: 6,783 key demand zone

Confluence

• Price reacting at prior resistance / supply zone
• Market trading in premium after impulsive move
• Potential mean reversion toward intraday support

If sellers maintain control below the resistance level, price may rotate lower toward the 6,780 liquidity area.