SPY MARKET OBSERVATION • 2026-04-20
SPY Outlook 2026-04-20 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1711.51
UB2714.17
UB3716.83
LB1706.20
LB2703.54
LB3700.88
Prior Trading Day
UB1710.07
UB2713.11
UB3716.15
LB1703.98
LB2700.94
LB3697.90
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB2, Prior LB3, Prior UB2, Prior UB3, Today LB, Today LB3, Today UB
Rejected LevelsPrior LB, Prior UB, Today LB2, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionLONG
Accepted LevelToday UB
Confirmation / Trigger711.27
Projected Target716.85
Current StatusNOT TRIGGERED
SPY Reference708.58
General market information only. Reaching a published level is not an instruction to place a trade.
PEER REJECTED INTERACTION
Reversal Plan
DirectionWAIT
Rejected LevelPublished Rejection Zone
Reversal Confirmation705.16
Projected Target705.16
Current StatusNOT TRIGGERED
Hard Invalidation711.27
General market information only. Reaching a published level is not an instruction to place a trade.
Next Values We Are Observing
No additional next-level observation is active.
None active.
SPY TOMORROW OUTLOOK
SHORT • 68.5% confidence
Watch705.89
Confirmation705.89
Invalidation711.27
Target703.19
Extension700.50
Reversal Confirmation708.43
SPY Level Outlook — Available Pre-EOD
Today UB — 711.27
REJECT / REVERSAL • up projection 713.87 • down projection 708.67 • projected target 713.97 • today status NOT REACHED
Prior LB3 — 697.84
ACCEPT / CONTINUATION • up projection 702.37 • down projection 693.31 • projected target 697.84 • today status NOT REACHED
Prior LB3 — 697.97
ACCEPT / CONTINUATION • up projection 702.35 • down projection 693.59 • projected target 697.97 • today status NOT REACHED
Today LB — 706.51
REJECT / REVERSAL • up projection 709.71 • down projection 703.31 • projected target 703.88 • today status REACHED
Today LB — 705.89
REJECT / REVERSAL • up projection 708.93 • down projection 702.84 • projected target 703.19 • today status NOT REACHED
Prior LB — 704.05
REJECT / REVERSAL • up projection 706.75 • down projection 701.35 • projected target 701.01 • today status NOT REACHED
Today LB3 — 700.50
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 700.50 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation705.89
Primary Target703.19
Hard Invalidation711.27
Target Completed40.0%
Invalidation30.0%
No Completion30.0%
If Day 1 Does Not Complete
Day-2 continuation33.3%
Continuation reference703.19
Day-2 reversal66.7%
Reversal confirmation708.43
Actual Next-Day Audit
BOTH_LEVELS_REACHED
Both the published target and invalidation prices traded during the next regular session.
Open / High / Low / Close710.28 / 711.28 / 702.64 / 704.08
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.