SPY MARKET OBSERVATION • 2026-07-23
SPY Outlook 2026-07-23 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1744.95
UB2748.51
UB3752.07
LB1737.84
LB2734.28
LB3730.72
Prior Trading Day
UB1749.32
UB2751.27
UB3753.21
LB1745.44
LB2743.49
LB3741.55
ACCEPT / REJECT / INTERLEAVED Structure
Market StateAWAITING LIVE STATE
Structure ModeINTERLEAVED
Accepted LevelsPrior LB3, Today UB3
Rejected LevelsPrior LB, Prior LB2, Prior UB, Prior UB2, Today LB, Today LB2, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionLONG/SHORT
Accepted LevelPublished Acceptance Zone
Confirmation / Trigger743.46
Projected Target743.46
Current StatusNOT TRIGGERED
SPY Reference741.45
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 Confirmation737.78
Projected Target739.21
Current StatusTARGET REACHED
Hard Invalidation745.01
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 UB — 744.95
OBSERVE NEXT 2
Today UB2 — 748.51
OBSERVE NEXT 3
Prior UB — 749.32
SPY TOMORROW OUTLOOK
SHORT • 77.1% confidence
Watch737.89
Confirmation737.89
Invalidation745.01
Target734.33
Extension730.77
Reversal Confirmation741.60
SPY Level Outlook — Available Pre-EOD
Today LB — 737.78
ACCEPT / CONTINUATION • up projection 742.55 • down projection 733.01 • projected target 734.22 • today status REACHED
Today LB — 737.89
ACCEPT / CONTINUATION • up projection 742.53 • down projection 733.26 • projected target 734.33 • today status REACHED
Prior LB — 745.40
ACCEPT / CONTINUATION • up projection 750.17 • down projection 740.62 • projected target 743.45 • today status NOT REACHED
Prior LB — 745.48
ACCEPT / CONTINUATION • up projection 750.04 • down projection 740.91 • projected target 743.53 • today status NOT REACHED
Prior LB3 — 741.51
ACCEPT / CONTINUATION • up projection 746.59 • down projection 736.43 • projected target 741.51 • today status REACHED
Today LB3 — 730.77
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 730.77 • today status NOT REACHED
Prior LB3 — 741.59
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 741.59 • today status REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation737.89
Primary Target734.33
Hard Invalidation745.01
Target Completed60.0%
Invalidation30.0%
No Completion20.0%
If Day 1 Does Not Complete
Day-2 continuation50.0%
Continuation reference734.33
Day-2 reversal50.0%
Reversal confirmation741.60
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 / Close738.51 / 743.72 / 737.29 / 738.93
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.