SPX/USDT — Change of Character Signals Bearish Move Incoming

The structure has shifted with a clear CHoCH (Change of Character), suggesting that bullish momentum is weakening. Price recently pulled back into a supply zone around 1.6140–1.6910, setting up a potential short opportunity.

🔍 Technical Breakdown:

Price broke below recent higher low = CHoCH confirmed

Bearish BOS followed by retracement into premium zone (FVG/Supply)

Expecting rejection and continuation to downside if price fails to reclaim 1.6140

🔧 Trade Plan:

Entry Area: 1.6140

Stoploss: Above 1.6910

Targets:
• TP1: 1.5290
• TP2: 1.4630
• TP3: 1.3500

This setup aligns with internal structure + supply zone + CHoCH. Wait for confirmation candle or bearish engulfing in entry area before executing.