SELL US500 – 6840.5

On the US500 the 4‑hour chart shows the price forming an equal high‑low sweep around 6840‑6850, a classic sell‑sweep pattern that often precedes a corrective move lower. Multi‑timeframe analysis is bearish, with the daily and weekly trends both pointing down and the H4 retracement sitting at roughly 25 % of the recent swing, providing a clear entry zone. On‑balance volume diverges from price, turning negative as volume spikes to extreme levels, confirming selling pressure. The stop is placed just above the recent structural high at 6858.5, respecting market structure. Fundamentally, US CPI has eased to 2.4 % YoY, fueling expectations of Fed rate cuts and reducing equity upside, while UK labour market weakness and heightened geopolitical risk around Iran‑US negotiations have increased risk‑off sentiment. The US holiday further thins liquidity, amplifying the technical bias. Together these factors justify a short position at 6840.5 with tiered profit targets at 6826.1, 6813.5 and 6795.5.