SPY DAILY OUTLOOK • 2026-02-23
SPY Outlook 2026-02-23 — 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 SPY689.54
Synthetic694.53
Range Unit3.45
Market StateEXPANSION • Gap Fill Reversal
Tomorrow Bias
DirectionSHORT
Confidence72.8%
Sample10
Confirmation686.09
Invalidation692.99
Next Target682.64
SPY Key Levels
UB1692.99
UB2696.44
UB3699.88
LB1686.09
LB2682.64
LB3679.20
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.
Prior 09:35 Synthetic — 682.93
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 7.07
EXPECTED ACCEPT / CONTINUATION
Prior 09:30 Synthetic — 683.36
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 6.64
EXPECTED ACCEPT / CONTINUATION
Today LB — 686.09
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 5.72
EXPECTED ACCEPT / CONTINUATION
Today 09:30 LB — 685.97
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 5.60
EXPECTED ACCEPT / CONTINUATION
Prior 09:30 UB — 686.25
Expected test 0.0% • Accept 0.0% • Reject 0.0% • Expected move 3.75
EXPECTED ACCEPT / CONTINUATION
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation686.09
Favorable Observation Level684.09
Primary Target682.64
Invalidation692.99
Target Completed40.0%
No Completion60.0%
Conditional Day-2 History
Continuation0.0%
Reversal16.7%
Still unresolved83.3%
Actual Next-Day Audit
TARGET_COMPLETED
The primary Tomorrow Bias route completed at its mapped target.
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.