SPY Recovered The Whole Range - Back At 748's Doorstep.State Street SPDR S&P 500 ETFBATS:SPYvirDeStateraSPY Recovered The Whole Range - Back At 748's Doorstep. The bear trap kept working. After reclaiming 740.44, SPY has pushed all the way back to 744.66, up 1.68 percent, and is now in the upper half of the range approaching the 748 ceiling again. Wednesday's breakdown is fully erased. But this is familiar ground: 748 has rejected six times, and price is walking right back into it. A fresh daily bear announcement just printed, notably with low danger this time. The range is restored, and the same ceiling test is back. Neutral until 748 closes. Resistance: 746.54 - first shelf Key resistance: 748.00 - the six-time ceiling, again Current price: 744.66 Support: 740.44 - reclaimed, back to support Key support: 736.87 - first support below Structural floor: 731.04 - deeper support Two paths from here: 748 finally breaks on this attempt. A full V-recovery from the 727 low with the range restored could carry SPY through 748 on a seventh try, and a confirmed close above it would finally trigger the long that has never fired. The recovery momentum is real. 748 caps it a seventh time. The level has rejected six times, and a fresh bear announcement is now overhead. A rejection here and a loss of 740.44 would put the whole two-way chop back in force. Same wall, same rule. SPY erased the entire breakdown and is back at 748 - the level that has defined everything. Nothing changes the rule: a confirmed close above 748 is the event, a rejection keeps it a range. Seven approaches and counting. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.