SPY DAILY OUTLOOK • 2026-02-20
SPY Outlook 2026-02-20 — Key Levels, Projected Move & Tomorrow Bias
This daily SPY outlook preserves the published opening structure, key price bands, next observed values, Tomorrow Bias, peer level-band forecast, and the subsequent outcome audit when available.
Opening SPY Structure
09:35 SPY683.88
Synthetic682.93
Range Unit3.15
Market StateDIRECTIONAL • Low Momentum Chop
Tomorrow Bias
DirectionLONG
Confidence64.5%
Sample10
Confirmation687.03
Invalidation680.73
Next Target690.17
SPY Key Levels
UB1687.03
UB2690.17
UB3693.32
LB1680.73
LB2677.59
LB3674.44
Accepted Structure
No accepted labels published.
Rejected Structure
No rejected labels published.
Next Values We Are Observing
No active next-value ladder was published for this session.
Peer Level-Band Forecast — Available Pre-EOD
Test rate and expected move come from completed historical peers. Upper/lower prices are calculated now and do not require today's EOD. Today's acceptance or rejection remains a separate live event.
Synthetic 09:30 — 683.36
Expected test 100.0% • Accept 0.0% • Reject 100.0% • Expected move 3.29
EXPECTED REJECT / REVERSAL RISK
Synthetic 09:35 — 682.93
Expected test 100.0% • Accept 0.0% • Reject 100.0% • Expected move 2.71
EXPECTED REJECT / REVERSAL RISK
Prior 09:35 Synthetic — 683.48
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 6.58
EXPECTED ACCEPT / CONTINUATION
Prior 09:30 Synthetic — 684.84
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 5.22
EXPECTED ACCEPT / CONTINUATION
Today 09:30 UB — 686.25
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 3.81
EXPECTED ACCEPT / CONTINUATION
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation687.03
Favorable Observation Level688.53
Primary Target690.17
Invalidation680.73
Target Completed40.0%
No Completion50.0%
Conditional Day-2 History
Continuation40.0%
Reversal20.0%
Still unresolved40.0%
Actual Next-Day Audit
PREDICTION_INVALIDATED
The primary Tomorrow Bias route failed at its mapped invalidation.
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.