SPY Reclaimed 765.71 - Back In The Range.State Street SPDR S&P 500 ETFBATS:SPYvirDeStateraSPY Reclaimed 765.71 - Back In The Range. SPY reclaimed the 765.71 pivot it was pinned to and is trading 766.56, chopping in the 765 to 771.58 range. Monday's read had it defending this level, and it did - the higher-timeframe conviction is now strong and bullish, though the hourly is stretched with a high-sweep active. Still range-bound: 765.71 reclaimed as support, 771.58 the ceiling. A constructive reclaim, not a breakout. Neutral. Resistance: 771.58 - the range ceiling Key resistance: 773.82 - shelf above Current price: 766.56 Support: 765.71 - the reclaimed pivot Key support: 762.00 - the range low Structural floor: 759.67 - deeper support Two paths from here: It holds 765.71 and breaks 771.58. Holding the reclaimed pivot with conviction improving could carry to the 771.58 ceiling and a test of the range top. The reclaim is the constructive first step. It rejects 771.58 and drops back to 762. A stretched hourly into the ceiling can reverse. A loss of 765.71 again puts 762 back in play. The range holds until an edge breaks. SPY reclaimed 765.71 and is back in its range with conviction improving. 771.58 is the ceiling to break; 762 is the floor. Constructive, but still boxed - a range until it resolves. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.