US 500 Index: Bearish Breakdown Confirmed Below CloudUS 500 IndexPEPPERSTONE:US500GeorgeSylva The US 500 is showing strong bearish confirmation on the daily chart, breaking key structural levels and suggesting a deeper correction is underway. I anticipate a perfect ABCD Trendline & Structure Break: Price has officially broken below the ascending trendline originating from the June 11 swing low. A clear lower-high structure has formed right near the 7,600 major resistance level. Ichimoku Confluence: Price has sliced beneath the Tenkan-sen (blue line) and Kijun-sen (red line), and is now testing the lower boundary of the Kumo (cloud). The bearish momentum is accelerating as candles push out of the cloud's base. Risk/Reward Profile: A short position is activated at current market levels (~7,389) targeting the recent horizontal support floor. Trade Parameters: Entry: 7,389.0 Stop Loss (SL): 7,468.1 (Placed safely above the local consolidation structure and cloud rejection point) Take Profit (TP): 7,206.0 (Aligns with the June structural support shelf) Risk-to-Reward Ratio: ~2.3x Let's see if the bears can maintain this momentum down to the target floor! 📉👇 Disclaimer: Not financial advice. Manage your risk according to your plan.