SPY MARKET OBSERVATION • 2026-08-17
SPY Outlook 2026-08-17 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1776.94
UB2778.41
UB3779.89
LB1773.99
LB2772.52
LB3771.04
Prior Trading Day
UB1779.85
UB2781.60
UB3783.35
LB1776.35
LB2774.60
LB3772.85
ACCEPT / REJECT / INTERLEAVED Structure
Market StateBEARISH
Structure ModeINTERLEAVED
Accepted LevelsPrior LB, Prior LB2, Prior LB3, Today LB2, Today LB3
Rejected LevelsPrior UB, Today LB, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelPrior LB3
Confirmation / Trigger772.64
Projected Target768.70
Current StatusCONFIRMED
SPY Reference775.44
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 Confirmation776.91
Projected Target775.48
Current StatusTARGET REACHED
Hard Invalidation776.91
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 LB2 — 774.60
OBSERVE NEXT 2
Today LB — 773.99
OBSERVE NEXT 3
Prior LB3 — 772.85
SPY TOMORROW OUTLOOK
SHORT • 59.8% confidence
Watch773.97
Confirmation773.97
Invalidation776.91
Target772.49
Extension771.02
Reversal Confirmation777.21
SPY Level Outlook — Available Pre-EOD
Prior LB — 776.48
ACCEPT / CONTINUATION • up projection 782.57 • down projection 770.39 • projected target 774.77 • today status REACHED
Prior LB — 776.22
ACCEPT / CONTINUATION • up projection 782.12 • down projection 770.32 • projected target 774.43 • today status REACHED
Today LB — 773.97
REJECT / REVERSAL • up projection 777.66 • down projection 770.27 • projected target 772.49 • today status REACHED
Today LB — 774.02
ACCEPT / CONTINUATION • up projection 778.16 • down projection 769.87 • projected target 772.54 • today status REACHED
Today LB3 — 771.02
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 771.02 • today status NOT REACHED
Prior LB3 — 772.64
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 772.64 • today status REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation773.97
Primary Target772.49
Hard Invalidation776.91
Target Completed40.0%
Invalidation50.0%
No Completion10.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference772.49
Day-2 reversal100.0%
Reversal confirmation777.21
Actual Next-Day Audit
UNRESOLVED
The next regular session did not trade at the published confirmation, target, or invalidation price.
Open / High / Low / Close768.70 / 769.50 / 766.92 / 767.36
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.