SPY DAILY OUTLOOK • 2026-05-20
SPY Outlook 2026-05-20 — Key Levels, Projected Move & Tomorrow Bias
This daily SPY outlook preserves the published opening structure, key price bands, next observed values, Tomorrow Bias, peer level-band forecast, and the subsequent outcome audit when available.
Opening SPY Structure
09:35 SPY734.90
Synthetic746.29
Range Unit3.53
Market StateEXPANSION • Inside Compression → Breakdown
Tomorrow Bias
DirectionLONG
Confidence62.5%
Sample10
Confirmation738.43
Invalidation731.37
Next Target741.96
SPY Key Levels
UB1738.43
UB2741.96
UB3745.48
LB1731.37
LB2727.85
LB3724.32
Accepted Structure
No accepted labels published.
Rejected Structure
No rejected labels published.
Next Values We Are Observing
No active next-value ladder was published for this session.
Peer Level-Band Forecast — Available Pre-EOD
Test rate and expected move come from completed historical peers. Upper/lower prices are calculated now and do not require today's EOD. Today's acceptance or rejection remains a separate live event.
Synthetic 09:30 — 742.88
Expected test 100.0% • Accept 100.0% • Reject 42.9% • Expected move 7.58
EXPECTED ACCEPT / CONTINUATION
Today UB — 738.43
Expected test 100.0% • Accept 25.0% • Reject 100.0% • Expected move 0.26
EXPECTED REJECT / REVERSAL RISK
Prior UB — 740.25
Expected test 100.0% • Accept 33.3% • Reject 100.0% • Expected move 0.01
EXPECTED REJECT / REVERSAL RISK
Today 09:30 UB — 739.12
Expected test 100.0% • Accept 27.3% • Reject 100.0% • Expected move 0.00
EXPECTED REJECT / REVERSAL RISK
Today 09:30 LB — 732.20
Expected test 100.0% • Accept 100.0% • Reject 62.5% • Expected move 4.66
EXPECTED ACCEPT / CONTINUATION
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation738.43
Favorable Observation Level739.44
Primary Target741.96
Invalidation731.37
Target Completed30.0%
No Completion40.0%
Conditional Day-2 History
Continuation25.0%
Reversal25.0%
Still unresolved50.0%
Actual Next-Day Audit
TARGET_COMPLETED
The primary Tomorrow Bias route completed at its mapped target.
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.