S&P 500 Counter-Trend Setup After Bullish Week US500

Currently watching the S&P 500 (US500) closely 👀. The index has been in a strong bullish trend 📈, but I’m now evaluating a potential counter-trend opportunity.

Given the strength we’ve seen this week — possibly a “foolish rally” — there’s a chance we’ve either printed or are close to printing the high of the week 🧱. That opens the door for a retracement setup, particularly as we head into Monday’s open 🗓️.

🧠 Trade idea: If we get a bearish market structure break, I’ll be looking to enter short — targeting a 1R take profit initially, and holding a portion for a 2R–3R extension 🎯.

Friday sessions, especially after strong trends, often present clean intraday pullbacks — and when Monday’s low is set early, it can trap late buyers and fuel the move 📉.

⚠️ This is not financial advice — just sharing my thought process and trade plan.
3 days ago
Trade closed: target reached
Nice outcome