SPY MARKET OBSERVATION • 2026-05-08
SPY Outlook 2026-05-08 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1738.85
UB2742.60
UB3746.35
LB1731.35
LB2727.60
LB3723.85
Prior Trading Day
UB1736.71
UB2738.92
UB3741.12
LB1732.31
LB2730.10
LB3727.90
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB3, Prior UB3
Rejected LevelsPrior LB, Prior LB2, Prior UB, Prior UB2, Today LB, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelToday LB
Confirmation / Trigger731.45
Projected Target727.72
Current StatusNOT TRIGGERED
SPY Reference734.93
General market information only. Reaching a published level is not an instruction to place a trade.
PEER REJECTED INTERACTION
Reversal Plan
DirectionLONG
Rejected LevelToday LB
Reversal Confirmation731.26
Projected Target732.83
Current StatusTARGET REACHED
Hard Invalidation731.26
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 UB — 736.71
OBSERVE NEXT 2
Today UB — 738.85
OBSERVE NEXT 3
Prior UB2 — 738.92
SPY TOMORROW OUTLOOK
TWO_WAY • 86.9% confidence
Watch738.60
Confirmation738.60
Invalidation731.26
Target742.28
ExtensionN/A
Reversal ConfirmationN/A
SPY Level Outlook — Available Pre-EOD
Prior LB — 732.32
ACCEPT / CONTINUATION • up projection 738.31 • down projection 726.32 • projected target 730.11 • today status NOT REACHED
Prior LB — 732.30
ACCEPT / CONTINUATION • up projection 739.05 • down projection 725.54 • projected target 730.09 • today status NOT REACHED
Today LB — 731.45
ACCEPT / CONTINUATION • up projection 735.40 • down projection 727.49 • projected target 727.62 • today status NOT REACHED
Today LB — 731.26
REJECT / REVERSAL • up projection 735.16 • down projection 727.35 • projected target 727.58 • today status NOT REACHED
Today UB3 — 745.95
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 745.95 • today status NOT REACHED
Today LB3 — 723.91
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 723.91 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation738.60
Primary Target742.28
Hard Invalidation731.26
Target Completed60.0%
Invalidation0.0%
No Completion40.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference742.28
Day-2 reversal0.0%
Reversal confirmationN/A
Actual Next-Day Audit
CONFIRMED_UNRESOLVED
The published confirmation price traded during the next regular session; target and invalidation were not reached.
Open / High / Low / Close736.45 / 740.79 / 736.45 / 739.30
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.