SPY MARKET OBSERVATION • 2026-05-12
SPY Outlook 2026-05-12 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1738.72
UB2741.22
UB3743.72
LB1733.71
LB2731.21
LB3728.71
Prior Trading Day
UB1739.61
UB2741.46
UB3743.30
LB1735.93
LB2734.08
LB3732.24
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB, Prior LB3, Prior UB2, Prior UB3, Today LB2, Today LB3
Rejected LevelsPrior LB2, Prior UB, Today LB, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionLONG
Accepted LevelToday UB
Confirmation / Trigger738.86
Projected Target744.24
Current StatusNOT TRIGGERED
SPY Reference736.07
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 Confirmation738.57
Projected Target736.38
Current StatusTARGET REACHED
Hard Invalidation733.57
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 — 735.93
OBSERVE NEXT 2
Prior LB2 — 734.08
OBSERVE NEXT 3
Today LB — 733.71
SPY TOMORROW OUTLOOK
TWO_WAY • 83.3% confidence
Watch738.57
Confirmation738.57
Invalidation733.57
Target741.08
ExtensionN/A
Reversal ConfirmationN/A
SPY Level Outlook — Available Pre-EOD
Prior UB — 739.78
REJECT / REVERSAL • up projection 741.67 • down projection 737.89 • projected target 741.63 • today status NOT REACHED
Prior UB — 739.44
REJECT / REVERSAL • up projection 741.32 • down projection 737.56 • projected target 741.29 • today status NOT REACHED
Today LB — 733.57
REJECT / REVERSAL • up projection 734.22 • down projection 732.91 • projected target 731.06 • today status REACHED
Today LB — 733.86
REJECT / REVERSAL • up projection 733.94 • down projection 733.77 • projected target 731.35 • today status REACHED
Prior UB2 — 741.29
ACCEPT / CONTINUATION • up projection 745.95 • down projection 736.62 • projected target 743.13 • today status NOT REACHED
Today UB3 — 743.58
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 743.58 • today status NOT REACHED
Today LB3 — 728.56
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 728.56 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation738.57
Primary Target741.08
Hard Invalidation733.57
Target Completed60.0%
Invalidation10.0%
No Completion30.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference741.08
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 / Close738.47 / 743.91 / 735.47 / 742.31
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.