SPY Swept 749.60 And Reclaimed Both Levels It Lost.State Street SPDR S&P 500 ETFBATS:SPYvirDeStateraSPY Swept 749.60 And Reclaimed Both Levels It Lost. SPY closed Wednesday near 754 after losing 759.13, then traded down to 749.60 and spent the overnight session climbing back through 756.15 and 759.13 to 760.48. That makes yesterday's break an overshoot rather than a trend leg, at least so far. The 4H is carrying its heaviest participation reading in weeks - a swept low with range and volatility both expanded, volume elevation and range compression each at the top of their ranges - which is what a flush and reversal looks like from the inside. The hourly reads short against a bull anchor while the 4H sits neutral, so the surface has not settled. Neutral. Resistance: 762.57 - the shelf lost last week Key resistance: 765.52 - the level that has capped this range Current price: 760.48 Support: 757.39 - first support beneath Key support: 753.08 - the deeper shelf Structural floor: 749.60 - Wednesday's low Two paths from here: It reclaims 762.57 and the whole break unwinds. Getting above the shelf puts 765.52 back as the decider, and that level has now turned this market back three times. Until 762.57 goes, this is a recovery inside a broken range rather than a repair of it. It stalls here and returns to the lows. Failing beneath 762.57 puts 757.39 in play, and losing that reopens 753.08 with Wednesday's 749.60 low underneath. A second visit to 749.60 would carry more weight than the first. The low was swept and bought hard, and the levels above are the same ones that have contained this chart for two weeks. 762.57 to repair it, 757.39 to lose it again. Built with SYNTHESIS v3.4 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.