SPY Reclaimed 740.44 - Back Into The Range.State Street SPDR S&P 500 ETFBATS:SPYvirDeStateraSPY Reclaimed 740.44 - Back Into The Range. Tuesday's question was whether SPY would reclaim 740.44 or lose 735. It reclaimed. Price bounced back through 740.44 and is trading 742, back inside the 740 to 748 range with hourly conviction now very high and a fresh bull announcement behind it. The reclaim keeps the daily bull thesis alive and puts 748 back in the picture for what would be a seventh attempt. Same range, same ceiling, but the floor held. Neutral until 748 closes. Resistance: 746.14 - first shelf Key resistance: 748.00 - the ceiling, unbroken in six tries Current price: 742.17 Support: 740.44 - reclaimed, back to support Key support: 736.87 - first support below Structural floor: 735.21 - the range low Two paths from here: It holds 740.44 and takes a seventh run at 748. The floor held and conviction is top-quartile - if SPY bases above 740.44, 748 comes back into range. A confirmed close above 748 is still the event that would finally trigger the long on the leanable name. Six failures, but the setup keeps rebuilding. It loses 740.44 again. A reclaim that cannot hold is a weak signal. Back below 740.44, with 735.21 beneath, would put the range break back on the table. The floor has to actually hold this time. SPY did what it needed to and reclaimed 740.44, keeping the range and the bull thesis alive. But it is the same range and the same 748 wall - nothing is resolved until that level closes over or 735 breaks. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.