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SPX500 – Short Bias – Day Trade / Swing
HTF CONTEXT:
Price rejected from HTF supply at 6911.60–6926.98, triggering a selloff and confirming active sellers. That rejection also led to the creation of fresh supply at 6885.18–6904.70, keeping HTF structure bearish. With inefficient price action below, downside continuation remains the higher-probability path while supply holds.
KEY LEVELS & ZONES:
- Primary HTF Supply: 6911.60–6926.98
- Fresh Supply (Execution Zone): 6885.18–6904.70
- Downside Inefficiency: ~6780 and below
- Bullish Invalidation: Acceptance above 6927
GAME PLAN:
- Maintain short bias while price remains below 6905–6927 supply.
- If price retraces into 6885–6905, look for day trade or swing shorts aligned with HTF supply.
- Downside objective favors a move into inefficient price action toward 6780.
- Stand aside on shorts if price reclaims and holds above 6927.
- If both supply zones are invalidated, flip bias and look for longs off newly created demand after confirmation.
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SPX500 – Short Bias – Day Trade / Swing
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