SPY Swept The Low And A Buyer Showed Up.State Street SPDR S&P 500 ETFBATS:SPYvirDeStateraSPY Swept The Low And A Buyer Showed Up. SPY rejected the 755.66 highs and sold off as flagged. Overnight it swept a swing low and a fresh bull announcement is forming right at 748 with top-quartile conviction. A liquidity grab below followed by a conviction flip is the classic shakeout tell. But the entry is still forming, not confirmed, and structure is still impulse-continuation bear. This is the one name where a confirmed break is worth leaning on, so it is the one to watch - not there yet. Resistance: 751.00 - first shelf overhead Key resistance: 755.66 - the rejected highs Current price: 748.30 Support: 740.44 - the shakeout-vs-turn line Key support: 739.34 - the session low that was swept Structural floor: 742.00 - the demand zone base Two paths from here: The buyer confirms and price reclaims 751. If the bull announcement resolves and 751 comes back, the sweep did its job, the shakeout is complete, and the 755.66 highs are back in play. This is the setup that unlocks a long lean once it confirms - a swept low plus a conviction flip is how bottoms start. The buyer fails and 739.34 goes. If price loses the swept low on a close, the grab was real supply rather than a shakeout, the demand zone fails, and lower opens up. Below 739.34 the bull announcement is invalidated and the bear continuation stands. A swept low with a buyer stepping in is the most constructive thing on the board this morning - but only after it confirms. Watching for the reclaim, not front-running it. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.