SPY MARKET OBSERVATION • 2026-09-23
SPY Outlook 2026-09-23 — Key Levels & Tomorrow Bias
Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.
Today — Current Session
UB1773.93
UB2775.55
UB3777.18
LB1770.69
LB2769.07
LB3767.44
Prior Trading Day
UB1777.36
UB2779.84
UB3782.32
LB1772.41
LB2769.93
LB3767.45
ACCEPT / REJECT / INTERLEAVED Structure
Market StateNEUTRAL
Structure ModeINTERLEAVED
Accepted LevelsPrior LB2, Prior LB3, Today LB3
Rejected LevelsPrior LB, Prior UB, Today LB, Today LB2, Today UB, Today UB2
PEER ACCEPTED INTERACTION
Continuation Plan
DirectionSHORT
Accepted LevelPrior LB3
Confirmation / Trigger767.35
Projected Target763.93
Current StatusCONFIRMED
SPY Reference772.15
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 Confirmation773.77
Projected Target772.60
Current StatusTARGET REACHED
Hard Invalidation773.77
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 — 770.69
OBSERVE NEXT 2
Prior LB2 — 769.93
OBSERVE NEXT 3
Today LB2 — 769.07
SPY TOMORROW OUTLOOK
SHORT • 76.3% confidence
Watch770.53
Confirmation770.53
Invalidation773.77
Target768.91
Extension767.29
Reversal Confirmation773.30
SPY Level Outlook — Available Pre-EOD
Prior LB2 — 770.02
ACCEPT / CONTINUATION • up projection 775.62 • down projection 764.42 • projected target 767.54 • today status REACHED
Prior LB2 — 769.83
ACCEPT / CONTINUATION • up projection 775.20 • down projection 764.46 • projected target 767.35 • today status REACHED
Today LB — 770.85
REJECT / REVERSAL • up projection 773.75 • down projection 767.95 • projected target 769.23 • today status REACHED
Today LB — 770.53
REJECT / REVERSAL • up projection 772.62 • down projection 768.43 • projected target 768.91 • today status REACHED
Prior LB3 — 767.54
ACCEPT / CONTINUATION • up projection 768.39 • down projection 766.69 • projected target 767.54 • today status REACHED
Prior LB3 — 767.35
ACCEPT / CONTINUATION • up projection 767.97 • down projection 766.73 • projected target 767.35 • today status REACHED
Today UB — 773.77
REJECT / REVERSAL • up projection 773.90 • down projection 773.65 • projected target 775.39 • today status NOT REACHED
Today LB3 — 767.29
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 767.29 • today status REACHED
TOMORROW BIAS — OUTCOME & PRICE AUDIT
Confirmation770.53
Primary Target768.91
Hard Invalidation773.77
Target Completed40.0%
Invalidation10.0%
No Completion50.0%
If Day 1 Does Not Complete
Day-2 continuation20.0%
Continuation reference768.91
Day-2 reversal40.0%
Reversal confirmation773.30
Actual Next-Day Audit
TARGET_REACHED
The published target price traded during the next regular session.
Open / High / Low / Close764.07 / 768.95 / 763.24 / 767.27
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.