SPY MARKET OBSERVATION • 2026-05-07
SPY Outlook 2026-05-07 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1736.71
UB2738.92
UB3741.12
LB1732.31
LB2730.10
LB3727.90
Prior Trading Day
UB1731.65
UB2734.20
UB3736.76
LB1726.55
LB2724.00
LB3721.44
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior UB, Prior UB3, Today LB, Today UB3
Rejected LevelsPrior LB, Prior LB2, Prior UB2, Today LB2, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionLONG
Accepted LevelPrior UB
Confirmation / Trigger731.63
Projected Target737.67
Current StatusCONFIRMED
SPY Reference734.50
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 Confirmation734.18
Projected Target731.52
Current StatusTARGET REACHED
Hard Invalidation736.70
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 — 732.31
OBSERVE NEXT 2
Today LB2 — 730.10
OBSERVE NEXT 3
Today LB3 — 727.90
SPY TOMORROW OUTLOOK
SHORT • 58.5% confidence
Watch732.30
Confirmation732.30
Invalidation736.70
Target730.09
Extension727.89
Reversal Confirmation735.84
SPY Level Outlook — Available Pre-EOD
Prior UB2 — 734.18
ACCEPT / CONTINUATION • up projection 740.22 • down projection 728.15 • projected target 736.74 • today status REACHED
Prior UB2 — 734.22
ACCEPT / CONTINUATION • up projection 740.03 • down projection 728.41 • projected target 736.78 • today status REACHED
Today UB — 736.70
ACCEPT / CONTINUATION • up projection 739.66 • down projection 733.75 • projected target 738.91 • today status NOT REACHED
Today UB — 736.72
ACCEPT / CONTINUATION • up projection 739.64 • down projection 733.81 • projected target 738.93 • today status NOT REACHED
Prior UB3 — 736.74
ACCEPT / CONTINUATION • up projection 739.52 • down projection 733.95 • projected target 736.74 • today status NOT REACHED
Prior UB3 — 736.78
ACCEPT / CONTINUATION • up projection 739.34 • down projection 734.22 • projected target 736.78 • today status NOT REACHED
Today UB2 — 738.91
REJECT / REVERSAL • up projection 739.31 • down projection 738.50 • projected target 741.11 • today status NOT REACHED
Today LB3 — 727.89
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 727.89 • today status NOT REACHED
Prior LB3 — 721.42
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 721.42 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation732.30
Primary Target730.09
Hard Invalidation736.70
Target Completed44.4%
Invalidation33.3%
No Completion22.2%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference730.09
Day-2 reversal50.0%
Reversal confirmation735.84
Actual Next-Day Audit
INVALIDATED
The published invalidation price traded during the next regular session.
Open / High / Low / Close734.93 / 738.08 / 734.57 / 737.62
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.