SPY MARKET OBSERVATION • 2026-09-28

SPY Outlook 2026-09-28 — Key Levels & Tomorrow Bias

Review the SPY key levels, market structure, next levels, Tomorrow Bias, and outcome for this date.

Today — Current Session

UB1770.70
UB2773.77
UB3776.84
LB1764.56
LB2761.49
LB3758.42

Prior Trading Day

UB1772.42
UB2775.26
UB3778.11
LB1766.72
LB2763.88
LB3761.03

ACCEPT / REJECT / INTERLEAVED Structure

Market StateNEUTRAL
Structure ModeINTERLEAVED
Accepted LevelsPrior LB3, Prior UB3, Prior UB2, Today LB
Rejected LevelsPrior LB, Prior LB2, Prior UB, Prior UB2, Today LB, Today LB2, Today UB, Today UB2
PEER REJECTED INTERACTION

Reversal Plan

DirectionLONG
Rejected LevelToday LB
Reversal Confirmation764.72
Projected Target765.09
Current StatusTARGET REACHED
Hard Invalidation770.54

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 — 770.70
OBSERVE NEXT 2
Prior UB — 772.42
OBSERVE NEXT 3
Today UB2 — 773.77
SPY TOMORROW OUTLOOK

SHORT • 60.2% confidence

Watch764.40
Confirmation764.40
Invalidation770.54
Target761.33
Extension758.26
Reversal Confirmation767.24

SPY Level Outlook — Available Pre-EOD

Prior UB — 772.31
ACCEPT / CONTINUATION • up projection 774.80 • down projection 769.82 • projected target 775.15 • today status NOT REACHED
Today UB — 770.54
REJECT / REVERSAL • up projection 771.92 • down projection 769.16 • projected target 773.61 • today status NOT REACHED
Today UB — 770.86
REJECT / REVERSAL • up projection 771.77 • down projection 769.96 • projected target 773.93 • today status NOT REACHED
Prior UB — 772.53
REJECT / REVERSAL • up projection 773.06 • down projection 772.00 • projected target 775.38 • today status NOT REACHED
Prior UB2 — 775.15
REJECT / REVERSAL • up projection 775.45 • down projection 774.86 • projected target 778.00 • today status NOT REACHED
Prior LB — 766.61
ACCEPT / CONTINUATION • up projection 772.29 • down projection 760.93 • projected target 763.77 • today status REACHED
Today LB3 — 758.26
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 758.26 • today status NOT REACHED
Prior LB3 — 761.14
ACCEPT / CONTINUATION • up projection N/A • down projection N/A • projected target 761.14 • today status NOT REACHED

TOMORROW BIAS — OUTCOME & PRICE AUDIT

Confirmation764.40
Primary Target761.33
Hard Invalidation770.54
Target Completed40.0%
Invalidation30.0%
No Completion30.0%

If Day 1 Does Not Complete

Day-2 continuation0.0%
Continuation reference761.33
Day-2 reversal66.7%
Reversal confirmation767.24

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 / Close766.83 / 766.95 / 762.35 / 764.30
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.