SPY MARKET OBSERVATION • 2026-05-05
SPY Outlook 2026-05-05 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1725.42
UB2728.67
UB3731.92
LB1718.92
LB2715.67
LB3712.42
Prior Trading Day
UB1722.03
UB2724.19
UB3726.35
LB1717.72
LB2715.56
LB3713.40
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB3, Prior UB, Prior UB3, Today LB3, Today UB, Today UB3
Rejected LevelsPrior LB, Prior LB2, Prior UB2, Today LB, Today LB2, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionLONG
Accepted LevelToday UB
Confirmation / Trigger725.31
Projected Target731.96
Current StatusNOT TRIGGERED
SPY Reference722.06
General market information only. Reaching a published level is not an instruction to place a trade.
PEER REJECTED INTERACTION
Reversal Plan
DirectionSHORT
Rejected LevelPrior UB2
Reversal Confirmation724.16
Projected Target719.71
Current StatusCONFIRMED
Hard Invalidation718.81
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 LB — 718.92
OBSERVE NEXT 2
Prior LB — 717.72
OBSERVE NEXT 3
Today LB2 — 715.67
SPY TOMORROW OUTLOOK
TWO_WAY • 72.2% confidence
Watch725.31
Confirmation725.31
Invalidation718.81
Target728.56
ExtensionN/A
Reversal ConfirmationN/A
SPY Level Outlook — Available Pre-EOD
Today LB — 718.81
ACCEPT / CONTINUATION • up projection 722.24 • down projection 715.38 • projected target 715.56 • today status NOT REACHED
Today LB — 719.03
ACCEPT / CONTINUATION • up projection 722.05 • down projection 716.01 • projected target 715.78 • today status NOT REACHED
Prior LB2 — 715.52
ACCEPT / CONTINUATION • up projection 720.21 • down projection 710.83 • projected target 713.36 • today status NOT REACHED
Prior LB2 — 715.59
ACCEPT / CONTINUATION • up projection 719.64 • down projection 711.54 • projected target 713.43 • today status NOT REACHED
Prior UB — 722.00
ACCEPT / CONTINUATION • up projection 725.97 • down projection 718.03 • projected target 724.16 • today status REACHED
Today UB3 — 731.81
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 731.81 • today status NOT REACHED
Today LB3 — 712.31
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 712.31 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation725.31
Primary Target728.56
Hard Invalidation718.81
Target Completed30.0%
Invalidation0.0%
No Completion70.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference728.56
Day-2 reversal0.0%
Reversal confirmationN/A
Actual Next-Day Audit
TARGET_REACHED
The published target price traded during the next regular session.
Open / High / Low / Close728.16 / 734.59 / 727.82 / 733.83
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.