SPY MARKET OBSERVATION • 2026-03-20

SPY Outlook 2026-03-20 — Key Levels & Tomorrow Bias

Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.

Today — Current Session

UB1659.81
UB2664.69
UB3669.57
LB1650.06
LB2645.18
LB3640.30

Prior Trading Day

UB1660.85
UB2665.47
UB3670.10
LB1651.59
LB2646.97
LB3642.34

ACCEPT / REJECT / INTERLEAVED Structure

Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB, Prior LB3, Prior UB2, Prior UB3, Today LB2, Today LB3
Rejected LevelsPrior LB2, Prior UB, Today LB, Today UB, Today UB2
PEER REJECTED INTERACTION

Reversal Plan

DirectionLONG
Rejected LevelToday LB
Reversal Confirmation649.98
Projected Target651.66
Current StatusTARGET REACHED
Hard Invalidation659.68

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
Today UB — 659.81
OBSERVE NEXT 2
Prior UB — 660.85
OBSERVE NEXT 3
Today UB2 — 664.69
SPY TOMORROW OUTLOOK

SHORT • 60.6% confidence

Watch649.98
Confirmation649.98
Invalidation659.68
Target645.14
Extension640.29
Reversal Confirmation654.95

SPY Level Outlook — Available Pre-EOD

Prior LB — 651.59
ACCEPT / CONTINUATION • up projection 660.87 • down projection 642.30 • projected target 646.99 • today status REACHED
Prior LB — 651.60
ACCEPT / CONTINUATION • up projection 663.36 • down projection 639.84 • projected target 646.94 • today status REACHED
Prior LB3 — 642.40
ACCEPT / CONTINUATION • up projection 650.00 • down projection 634.80 • projected target 642.40 • today status NOT REACHED
Prior LB3 — 642.28
ACCEPT / CONTINUATION • up projection 649.54 • down projection 635.02 • projected target 642.28 • today status NOT REACHED
Prior LB2 — 646.99
ACCEPT / CONTINUATION • up projection 655.35 • down projection 638.64 • projected target 642.40 • today status REACHED
Prior LB2 — 646.94
ACCEPT / CONTINUATION • up projection 655.07 • down projection 638.81 • projected target 642.28 • today status REACHED
Today LB3 — 640.29
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 640.29 • today status NOT REACHED

TOMORROW BIAS — OUTCOME & PRICE AUDIT

Confirmation649.98
Primary Target645.14
Hard Invalidation659.68
Target Completed10.0%
Invalidation20.0%
No Completion70.0%

If Day 1 Does Not Complete

Day-2 continuation14.3%
Continuation reference645.14
Day-2 reversal28.6%
Reversal confirmation654.95

Actual Next-Day Audit

INVALIDATED

The published invalidation price traded during the next regular session.

Open / High / Low / Close658.07 / 662.62 / 653.94 / 655.38
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.