SPY Is Back Mid-Range At 768.30 Under The 771.43 Ceiling.State Street SPDR S&P 500 ETFBATS:SPYvirDeStateraSPY Is Back Mid-Range At 768.30 Under The 771.43 Ceiling. SPY comes into the week back inside the two-week range, about three points under the 771.43 ceiling it failed to hold on Friday and about three points above the 765.52 level that decides whether that failure turns into a reversal. Neither side has been tested since. The two timeframes disagree - the 4H reads long with live conviction near 69 while the hourly is neutral near 39 and has just swept a swing low - and the 4H is in extension mode with volatility in the 80th percentile, which is a stretch condition, not a direction. Neutral. Resistance: 771.43 - the lost ceiling, the reclaim level Key resistance: 773.82 - then the 775.30 high Current price: 768.30 Support: 765.52 - the level that decides the reversal Key support: 762.57 - the next shelf under it Structural floor: 759.13 - the range low Two paths from here: It reclaims 771.43 and holds it. A decisive close back above the ceiling turns Friday's failure into a shakeout and puts 773.82 and the 775.30 high back in play. Until that close prints, the ceiling sits above price and does the work. It loses 765.52. A close below that level turns the failed breakout into a real reversal and opens 762.57, with 759.13 the range low beneath it. That is the level that changes the structure, not the drift at 768. Two clean levels, three points either side of price, and a conviction surface that disagrees with itself across timeframes. 771.43 to fix the break, 765.52 to confirm it. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.