SPY MARKET OBSERVATION • 2026-05-06
SPY Outlook 2026-05-06 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1731.65
UB2734.20
UB3736.76
LB1726.55
LB2724.00
LB3721.44
Prior Trading Day
UB1725.42
UB2728.67
UB3731.92
LB1718.92
LB2715.67
LB3712.42
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior UB3, Today LB, Today UB3
Rejected LevelsPrior LB, Prior UB, Prior UB2, Today LB2, Today UB, Today UB2
PEER REJECTED INTERACTION
Reversal Plan
DirectionWAIT
Rejected LevelPublished Rejection Zone
Reversal Confirmation723.26
Projected Target723.26
Current StatusNOT TRIGGERED
Hard Invalidation726.53
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
LONG • 72.5% confidence
Watch731.63
Confirmation731.63
Invalidation726.53
Target734.18
Extension736.74
Reversal Confirmation728.40
SPY Level Outlook — Available Pre-EOD
Prior LB — 719.03
ACCEPT / CONTINUATION • up projection 725.03 • down projection 713.03 • projected target 715.78 • today status NOT REACHED
Prior LB — 718.81
ACCEPT / CONTINUATION • up projection 725.57 • down projection 712.05 • projected target 715.56 • today status NOT REACHED
Today UB — 731.67
ACCEPT / CONTINUATION • up projection 735.68 • down projection 727.66 • projected target 734.22 • today status REACHED
Today UB — 731.63
ACCEPT / CONTINUATION • up projection 736.22 • down projection 727.04 • projected target 734.18 • today status REACHED
Today UB3 — 736.74
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 736.74 • today status NOT REACHED
Prior UB3 — 731.81
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 731.81 • today status REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation731.63
Primary Target734.18
Hard Invalidation726.53
Target Completed40.0%
Invalidation10.0%
No Completion50.0%
If Day 1 Does Not Complete
Day-2 continuation40.0%
Continuation reference734.18
Day-2 reversal40.0%
Reversal confirmation728.40
Actual Next-Day Audit
TARGET_REACHED
The published target price traded during the next regular session.
Open / High / Low / Close735.05 / 736.13 / 729.75 / 731.58
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.