SPY MARKET OBSERVATION • 2026-05-20
SPY Outlook 2026-05-20 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1738.77
UB2742.27
UB3745.76
LB1731.79
LB2728.29
LB3724.80
Prior Trading Day
UB1739.76
UB2744.58
UB3749.39
LB1730.14
LB2725.32
LB3720.51
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB, Prior LB3, Today LB2, Today LB3
Rejected LevelsPrior LB2, Prior UB, Today LB, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelPrior LB
Confirmation / Trigger729.73
Projected Target726.30
Current StatusNOT TRIGGERED
SPY Reference734.90
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 Confirmation738.43
Projected Target738.01
Current StatusTARGET REACHED
Hard Invalidation731.37
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 — 731.79
OBSERVE NEXT 2
Prior LB — 730.14
OBSERVE NEXT 3
Today LB2 — 728.29
SPY TOMORROW OUTLOOK
LONG • 62.5% confidence
Watch738.43
Confirmation738.43
Invalidation731.37
Target741.96
Extension745.48
Reversal Confirmation733.40
SPY Level Outlook — Available Pre-EOD
Today UB — 738.43
REJECT / REVERSAL • up projection 738.69 • down projection 738.16 • projected target 741.96 • today status REACHED
Prior UB — 740.25
REJECT / REVERSAL • up projection 740.26 • down projection 740.25 • projected target 745.11 • today status REACHED
Today UB — 739.12
REJECT / REVERSAL • up projection 739.12 • down projection 739.11 • projected target 742.58 • today status REACHED
Today LB — 732.20
ACCEPT / CONTINUATION • up projection 736.87 • down projection 727.54 • projected target 728.74 • today status NOT REACHED
Today LB — 731.37
ACCEPT / CONTINUATION • up projection 735.78 • down projection 726.97 • projected target 727.85 • today status NOT REACHED
Prior LB — 729.73
ACCEPT / CONTINUATION • up projection 733.59 • down projection 725.86 • projected target 724.95 • today status NOT REACHED
Prior LB — 730.55
ACCEPT / CONTINUATION • up projection 733.79 • down projection 727.30 • projected target 725.69 • today status NOT REACHED
Today UB3 — 745.48
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 745.48 • today status NOT REACHED
Prior UB3 — 749.96
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 749.96 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation738.43
Primary Target741.96
Hard Invalidation731.37
Target Completed30.0%
Invalidation30.0%
No Completion40.0%
If Day 1 Does Not Complete
Day-2 continuation25.0%
Continuation reference741.96
Day-2 reversal25.0%
Reversal confirmation733.40
Actual Next-Day Audit
TARGET_REACHED
The published target price traded during the next regular session.
Open / High / Low / Close738.64 / 744.87 / 737.03 / 742.72
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.