SPY MARKET OBSERVATION • 2026-08-18
SPY Outlook 2026-08-18 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1771.39
UB2773.93
UB3776.47
LB1766.32
LB2763.78
LB3761.24
Prior Trading Day
UB1776.94
UB2778.41
UB3779.89
LB1773.99
LB2772.52
LB3771.04
ACCEPT / REJECT / INTERLEAVED Structure
Market StateBEARISH
Structure ModeINTERLEAVED
Accepted LevelsPrior LB, Prior LB3, Today LB3, Today LB2
Rejected LevelsPrior LB2, Prior UB, Today LB, Today LB2, Today UB
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelPrior LB3
Confirmation / Trigger771.02
Projected Target767.23
Current StatusTARGET REACHED
SPY Reference769.13
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 Confirmation766.59
Projected Target768.29
Current StatusTARGET REACHED
Hard Invalidation771.67
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 — 771.39
OBSERVE NEXT 2
Today UB2 — 773.93
OBSERVE NEXT 3
Today UB3 — 776.47
SPY TOMORROW OUTLOOK
SHORT • 54.8% confidence
Watch766.59
Confirmation766.59
Invalidation771.67
Target764.05
Extension761.52
Reversal Confirmation770.09
SPY Level Outlook — Available Pre-EOD
Prior LB — 774.02
ACCEPT / CONTINUATION • up projection 779.99 • down projection 768.04 • projected target 772.54 • today status NOT REACHED
Prior LB — 773.97
ACCEPT / CONTINUATION • up projection 779.74 • down projection 768.19 • projected target 772.49 • today status NOT REACHED
Today LB — 766.59
REJECT / REVERSAL • up projection 770.18 • down projection 763.01 • projected target 764.05 • today status NOT REACHED
Today LB — 766.04
ACCEPT / CONTINUATION • up projection 770.04 • down projection 762.05 • projected target 763.51 • today status NOT REACHED
Today LB3 — 761.52
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 761.52 • today status NOT REACHED
Prior LB3 — 771.02
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 771.02 • today status NOT REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation766.59
Primary Target764.05
Hard Invalidation771.67
Target Completed40.0%
Invalidation40.0%
No Completion20.0%
If Day 1 Does Not Complete
Day-2 continuation0.0%
Continuation reference764.05
Day-2 reversal50.0%
Reversal confirmation770.09
Actual Next-Day Audit
INVALIDATED
The published invalidation price traded during the next regular session.
Open / High / Low / Close770.36 / 772.47 / 768.11 / 769.10
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.