SPY MARKET OBSERVATION • 2026-05-21
SPY Outlook 2026-05-21 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1741.41
UB2744.70
UB3747.98
LB1734.85
LB2731.56
LB3728.28
Prior Trading Day
UB1738.77
UB2742.27
UB3745.76
LB1731.79
LB2728.29
LB3724.80
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 / Trigger741.80
Projected Target745.63
Current StatusCONFIRMED
SPY Reference737.71
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 Confirmation741.03
Projected Target739.19
Current StatusTARGET REACHED
Hard Invalidation734.39
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 — 734.85
OBSERVE NEXT 2
Prior LB — 731.79
OBSERVE NEXT 3
Today LB2 — 731.56
SPY TOMORROW OUTLOOK
LONG • 68.1% confidence
Watch741.03
Confirmation741.03
Invalidation734.39
Target744.35
Extension747.67
Reversal Confirmation737.28
SPY Level Outlook — Available Pre-EOD
Today UB — 741.03
REJECT / REVERSAL • up projection 744.59 • down projection 737.47 • projected target 744.35 • today status REACHED
Prior LB — 732.20
ACCEPT / CONTINUATION • up projection 737.87 • down projection 726.53 • projected target 728.74 • today status NOT REACHED
Prior LB — 731.37
ACCEPT / CONTINUATION • up projection 737.69 • down projection 725.05 • projected target 727.85 • today status NOT REACHED
Today UB — 741.80
ACCEPT / CONTINUATION • up projection 745.30 • down projection 738.30 • projected target 745.05 • today status REACHED
Today UB3 — 747.67
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 747.67 • today status NOT REACHED
Prior UB3 — 745.48
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 745.48 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation741.03
Primary Target744.35
Hard Invalidation734.39
Target Completed20.0%
Invalidation30.0%
No Completion50.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference744.35
Day-2 reversal60.0%
Reversal confirmation737.28
Actual Next-Day Audit
UNRESOLVED
The next regular session did not trade at the published confirmation, target, or invalidation price.
Open / High / Low / Close746.24 / 748.94 / 744.48 / 745.64
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.