SPY Reclaimed 750.36, Gapping Up 6.66 Points From 735.29

SPY closed at 752.69, gapping up 6.66 points from Friday's 735.29 close and reclaiming the October 30 low at 750.36 for the first time since Thursday's drop. The State Street SPDR S&P 500 ETF opened at 741.95 - about 2.9 hourly ATRs above Friday's close - ran to a high of 755.42, and closed back above a level the sellers had owned since last week.

The analysis comes from TradingView chartist virDeStatera, whose level-by-level read frames a market split by timeframe. The gap was never retested; the session low printed at 741.03. "Structure is split by timeframe: the 1H and 4H are choppy bull, the daily is still choppy bear after Thursday's drop," the author wrote.

What did the session actually do?

The upside trigger fired on the close: 752.69 above 740.80. Price traded through both 748.80 and 750.36 before that trigger close, with the high at 755.42 marking the top of the day. Friday had closed inside at 735.29, so Monday's session was the first serious test of the downside that never came.

The author laid out the level map in plain numbers:

• Resistance: 755.42 - today's high
• Key resistance: 757.94 - the bottom of the 4H zone, which runs to 763.40 and 765.52
• Current price: 752.69
• Support: 750.36 - the October 30 low, reclaimed today
• Key support: 741.03 - today's low, with 740.80 at the July 17 low just under it
• Structural floor: 732.71 - Thursday's low

The takeaway: price sits between a reclaimed floor and a zone ceiling, with less than two points of room to the first resistance shelf.

Why did the hourly path keep getting blocked?

The hourly chart printed four bull announcements through the session, with CQIs from 51 to 66 - and every one carried the danger quartile at 4, meaning the path above was blocked each time. At the close, the 4H quartile sat mid-range with a CQI of 45, and the 1H mid-range at 54.

The IMP score tells a similar story of stretched, not confirmed, momentum: 2 of 5 on the 4H, extension-only with ATR at the 99th percentile, and 0 of 5 on the hourly at the close. No anti-signal printed at the close. In plain words: the rally ran hot on unusually large hourly ranges, and the internal measures never fully backed it.

Which level decides the week?

The author sees two paths, both defined by regular-session closes before Friday.

The bull path: a close above 757.94 puts price into the 4H zone and opens 763.40, then 765.52. That would also mark the first close back inside last week's range since Thursday.

The bear path: a close under 740.80 fills the gap and loses the July 17 low, opening 735.29 at Friday's close and then 732.71, Thursday's low. The four blocked hourly announcements are the context for that side.

"One reclaim is a confirmed close, not a held one - today's 752.69 is the first close back above 750.36," the author wrote. "757.94 to extend it, 740.80 to undo it."

CPI lands Tuesday morning inside this window, and the levels run to Friday morning. The study was built with SOM / ACE / IMP and is, per the author, a study, not financial advice. The next close above or below those two numbers - not the gap itself - decides whether Monday's reclaim sticks.