$SPY showing a tight range setup today. Watch $769.90 as the breakout level for calls—above that, momentum traders will likely pile in. Flip side: if we crack below $767.80, puts become the play as support gives way.

Narrow 2-point band means we're coiled. Whichever direction breaks first could run fast. Volume and follow-through matter more than the initial move. Don't chase—wait for confirmation.