SPY MARKET OBSERVATION • 2026-08-20
SPY Outlook 2026-08-20 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1769.89
UB2772.62
UB3775.34
LB1764.45
LB2761.72
LB3759.00
Prior Trading Day
UB1771.81
UB2773.85
UB3775.89
LB1767.74
LB2765.70
LB3763.66
ACCEPT / REJECT / INTERLEAVED Structure
Market StateBEARISH
Structure ModeINTERLEAVED
Accepted LevelsPrior LB3, Today UB3, Today UB2
Rejected LevelsPrior LB, Prior LB2, Prior UB, Prior UB2, Today LB, Today UB, Today UB2
PEER REJECTED INTERACTION
Reversal Plan
DirectionWAIT
Rejected LevelPublished Rejection Zone
Reversal Confirmation761.67
Projected Target761.67
Current StatusNOT TRIGGERED
Hard Invalidation770.06
General market information only. Reaching a published level is not an instruction to place a trade.
Next Values We Are Observing
No additional next-level observation is active.
None active.
SPY TOMORROW OUTLOOK
SHORT • 73.0% confidence
Watch764.54
Confirmation764.54
Invalidation770.06
Target761.78
Extension759.01
Reversal Confirmation768.69
SPY Level Outlook — Available Pre-EOD
Today LB — 764.54
REJECT / REVERSAL • up projection 767.83 • down projection 761.25 • projected target 761.78 • today status REACHED
Today LB — 764.36
REJECT / REVERSAL • up projection 767.47 • down projection 761.24 • projected target 761.67 • today status REACHED
Prior LB2 — 765.37
REJECT / REVERSAL • up projection 768.33 • down projection 762.42 • projected target 763.30 • today status REACHED
Prior LB2 — 766.02
REJECT / REVERSAL • up projection 768.71 • down projection 763.32 • projected target 764.01 • today status REACHED
Today LB3 — 759.01
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 759.01 • today status NOT REACHED
Prior LB3 — 763.30
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 763.30 • today status REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation764.54
Primary Target761.78
Hard Invalidation770.06
Target Completed0.0%
Invalidation30.0%
No Completion70.0%
If Day 1 Does Not Complete
Day-2 continuation14.3%
Continuation reference761.78
Day-2 reversal14.3%
Reversal confirmation768.69
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 / Close766.05 / 767.85 / 764.17 / 765.62
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.