Roughly 6% above the July 30 low in three sessions. Steep moves are where chasing costs the most. These levels are the first entry in the record — the next issue grades them.

757.92: key resistance/inflection point. Two points away and the level that matters. Lighten up on longs into it. Then watch how price interacts with it: if the buying pressure that drove this run dries up there, it's a good spot for a tactical short.

Below: 755.10, and the structure beneath it. 755.10 is clean support and the upper edge of a significant price structure running from 751 down to 739.26. Below 751 dents the bullish argument. It takes a clean break of 739.26 to say momentum is actually waning.

Posture. The support band is 15 points below the market — this isn't a pullback you buy this week. Near term, the work is at 772.10 and it's defensive: trim, don't add. Align your swings with SPY either way. It sets the terms for every equity and ETF position you hold.