Resistance sits at 752 on SPY, support at 744, and order flow's already flagged a buyer stepping in around 7510 on ES to save the premarket dip. Book's settled defensive this morning ahead of Tesla and Alphabet reporting after the close, and with GEX negative, dealers are amplifying moves both directions so don't trust the first move. 749 is the structural pivot, hold it and the tape stays constructive, lose it and it's a slide with not much to catch it. Rotation's still a tug of war too, for $SMH or $IGV to fly the other has to die, and today that's tilting our way.
Aggregated and distilled by Two Sentence Traders. Not financial advice.