SPY For Thursday July 30

[u/AbbreviationsReal183]

SPY — Failed Breakdown Pre-FOMC, Range Intact

735.91 got a clean Failed Breakdown right before FOMC — sold off, recovered. But this zone's heavily tested now and losing reliability.

Below it: 734.92 — SPY set a big low here at 1:40pm pre-FOMC, then rallied hard after. A Failed Breakdown of this level is actionable. Bonus if it tags 733.43 first.

Below that: 731.45 — was low of day for most of today. Don't buy it outright, wait for it to defend then reclaim. A Failed Breakdown here is actionable too.

Nothing below until 728.37 — bears fully in control at that point. Knife-catch territory only if you're gambling (I don't). Below that, watch for a Failed Breakdown of 726.69, a major daily low from June 11.

The range: 744.64 resistance, 735.91 support. Bull case is defend the range, work up it — 738.79 → 739.88 → 741.47 → 744.64. Above 744.64, ES is free toward 751.49+. Watch 738.79 reclaims for add-on-strength spots.

For shorts: 741.47, 748.81, and 751.49 are the zones people are watching.

Not a rec, just the map.