**SP500 (4H) – Resistance Rejection | Bearish Continuation SetupS&P Index Cash CFD (USD)VANTAGE:SP500FrankAgboSP500 is currently reacting from a **key resistance level** after a strong impulsive move up, showing signs of exhaustion and a potential **move back to lower liquidity**. ### 🔍 What I’m Seeing * Market broke down from previous structure → overall **bearish pressure** * Price pushed up into a **key resistance zone (previous support)** * Rejection forming → possible **lower high** * Momentum slowing → sellers stepping back in This is a classic **pullback into resistance = continuation move down** --- ### 📉 Trade Plan **Sell Zone:** * 6880 – 6920 **Stop Loss:** * 7025 (above resistance / supply zone) **Take Profit Targets:** * TP1: 6650 * TP2: 6525 * TP3: 6400 (major support zone) --- ### 📊 Why This Trade Works * Clear **resistance rejection** * Lower high formation * Strong downside liquidity below * Clean risk-to-reward setup (1:3+) --- ### ❌ Invalidation If price breaks and holds **above 7025**, bearish bias is invalid. --- ### 🧠 Final Note Don’t chase the move — **the best entries come from patience at key levels.**