SPX500 | SMC Breakdown in Progress – Watch the Liquidity Sweep

The rising wedge broke structure near the weak high in premium territory. We are now seeing bearish CHoCHs and BOS with volume confirmation, suggesting a move down toward the next key demand zone between 5840–5720.

📊 Volume Analysis
Spikes in sell volume during BOS align with structural shifts, confirming the loss of bullish intent.

📌 Key Zones

Premium Zone: 6000–6080 was swept and rejected

Target Zones: 5840, 5760, and final liquidation zone near 5668

Equilibrium sits below 5700, matching confluence with prior FVG and OB

🔀 Scenarios

Price could react mid-range and retrace to test the weak high again.

A full sweep of the lower liquidity zone near 5668 could create a bullish springboard for a longer-term continuation.

🎯 Bias: Bearish unless price reclaims 6020 on strong volume.

Watch for how price behaves near the mid-blue zone — patience will provide the cleanest entry.

— WaverVanir International LLC