SPY MARKET OBSERVATION • 2026-02-17
SPY Outlook 2026-02-17 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1686.33
UB2690.52
UB3694.72
LB1677.93
LB2673.74
LB3669.54
Prior Trading Day
UB1685.18
UB2689.57
UB3693.96
LB1676.39
LB2672.00
LB3667.61
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB, Prior LB2, Prior LB3, Today LB2, Today LB3
Rejected LevelsToday LB, Today UB
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelToday LB
Confirmation / Trigger677.57
Projected Target670.06
Current StatusCONFIRMED
SPY Reference682.53
General market information only. Reaching a published level is not an instruction to place a trade.
PEER REJECTED INTERACTION
Reversal Plan
DirectionLONG
Rejected LevelToday LB
Reversal Confirmation678.30
Projected Target681.16
Current StatusTARGET REACHED
Hard Invalidation678.30
General market information only. Reaching a published level is not an instruction to place a trade.
Next Values We Are Observing
The active observation ladder is shown below.
OBSERVE NEXT 1
Prior UB — 685.18
OBSERVE NEXT 2
Today UB — 686.33
OBSERVE NEXT 3
Prior UB2 — 689.57
SPY TOMORROW OUTLOOK
TWO_WAY • 85.7% confidence
Watch686.76
Confirmation686.76
Invalidation678.30
Target690.99
ExtensionN/A
Reversal ConfirmationN/A
SPY Level Outlook — Available Pre-EOD
Prior LB3 — 668.03
ACCEPT / CONTINUATION • up projection 674.90 • down projection 661.15 • projected target 668.03 • today status NOT REACHED
Prior LB3 — 667.20
ACCEPT / CONTINUATION • up projection 673.50 • down projection 660.89 • projected target 667.20 • today status NOT REACHED
Today LB — 677.57
ACCEPT / CONTINUATION • up projection 685.09 • down projection 670.06 • projected target 673.41 • today status REACHED
Prior LB — 677.16
ACCEPT / CONTINUATION • up projection 689.70 • down projection 664.62 • projected target 672.59 • today status REACHED
Prior LB — 675.63
ACCEPT / CONTINUATION • up projection 687.30 • down projection 663.95 • projected target 671.41 • today status NOT REACHED
Prior LB2 — 672.59
ACCEPT / CONTINUATION • up projection 681.93 • down projection 663.26 • projected target 668.03 • today status NOT REACHED
Today UB3 — 695.23
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 695.23 • today status NOT REACHED
Today LB3 — 669.83
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 669.83 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation686.76
Primary Target690.99
Hard Invalidation678.30
Target Completed60.0%
Invalidation0.0%
No Completion40.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference690.99
Day-2 reversal0.0%
Reversal confirmationN/A
Actual Next-Day Audit
CONFIRMED_UNRESOLVED
The published confirmation price traded during the next regular session; target and invalidation were not reached.
Open / High / Low / Close684.02 / 689.15 / 682.83 / 686.29
General-purpose market observation.
Nothing on this page is a recommendation, solicitation, personalized advice, or an instruction to buy, sell, hold, open, close, or size a securities or options position.