SPY MARKET OBSERVATION • 2026-05-04
SPY Outlook 2026-05-04 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1722.03
UB2724.19
UB3726.35
LB1717.72
LB2715.56
LB3713.40
Prior Trading Day
UB1725.58
UB2728.94
UB3732.30
LB1718.87
LB2715.51
LB3712.15
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB2, Prior LB3, Today UB2, Today UB3
Rejected LevelsPrior LB, Prior UB, Prior UB2, Today LB, Today UB
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelPrior LB3
Confirmation / Trigger712.13
Projected Target706.98
Current StatusNOT TRIGGERED
SPY Reference719.84
General market information only. Reaching a published level is not an instruction to place a trade.
PEER REJECTED INTERACTION
Reversal Plan
DirectionSHORT
Rejected LevelToday UB
Reversal Confirmation722.00
Projected Target720.51
Current StatusTARGET REACHED
Hard Invalidation722.00
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 LB — 718.87
OBSERVE NEXT 2
Today LB — 717.72
OBSERVE NEXT 3
Today LB2 — 715.56
SPY TOMORROW OUTLOOK
SHORT • 72.0% confidence
Watch717.68
Confirmation717.68
Invalidation722.00
Target715.52
Extension713.36
Reversal Confirmation719.99
SPY Level Outlook — Available Pre-EOD
Today UB — 722.00
REJECT / REVERSAL • up projection 724.39 • down projection 719.61 • projected target 724.16 • today status REACHED
Prior LB3 — 712.16
ACCEPT / CONTINUATION • up projection 716.69 • down projection 707.64 • projected target 712.16 • today status NOT REACHED
Prior LB3 — 712.13
ACCEPT / CONTINUATION • up projection 716.51 • down projection 707.76 • projected target 712.13 • today status NOT REACHED
Today LB — 717.75
REJECT / REVERSAL • up projection 720.72 • down projection 714.78 • projected target 715.59 • today status REACHED
Today LB3 — 713.36
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 713.36 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation717.68
Primary Target715.52
Hard Invalidation722.00
Target Completed50.0%
Invalidation30.0%
No Completion30.0%
If Day 1 Does Not Complete
Day-2 continuation33.3%
Continuation reference715.52
Day-2 reversal66.7%
Reversal confirmation719.99
Actual Next-Day Audit
INVALIDATED
The published invalidation price traded during the next regular session.
Open / High / Low / Close721.77 / 725.04 / 721.49 / 723.77
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.