FADE — other outcome: The published FADE condition is met.
Positions close: Jul 3, 2026, 8:00 PM UTC
No verified current price reference is attached. Do not treat this illustration or headline as live data.
Editorial illustration
Legacy terms: no immutable publication-time snapshot is attached. If stored wording, structured terms or measurement windows conflict, this market requires manual review; a later display change does not rewrite the agreement.
Research quality and completeness vary. Missing evidence is explicitly marked below.
▲ Back case
Incomplete research: a developed BACK case and supporting evidence have not been published. Automated review scores are not independent investment research.
▼ Fade case
Incomplete research: a developed FADE case and supporting evidence have not been published. Automated review scores are not independent investment research.
▼ FADE settlement condition
SPY does not settle above 736 at the named close timestamp.
⊕ What would void
Void if the public SPY settlement reference is unavailable at resolve time.
Resolution path
Published
Jun 27, 2026, 1:13 PM UTC
Research verification
No independent research review is recorded.
Scheduled opening
Jun 27, 2026, 1:13 PM UTC
Pools close
Jul 3, 2026, 8:00 PM UTC
Resolution
Jul 3, 2026, 8:25 PM UTC
Stored historical terms & technical evidence
Stored historical wording
Use https://finance.yahoo.com/quote/SPY/history/ as the source of truth. Read the official close or final reference spot price through 2026-07-03 20:05 UTC. Settlement closes at 2026-07-03 20:00 UTC and resolves at 2026-07-03 20:05 UTC. Resolve BACK when SPY settles above 736 at the named close timestamp. Resolve FADE when SPY does not settle above 736 at the named close timestamp. Resolve VOID only when Void if the…
Stored structured settlement terms
Legacy record: structured terms as stored. No immutable publication-time snapshot is attached; these records alone do not establish the exact terms served.
BACK condition
SPY settles above 736 at the named close timestamp.
FADE condition
SPY does not settle above 736 at the named close timestamp.
VOID condition
Void if the public SPY settlement reference is unavailable at resolve time.
Source field / metric
official close or final reference spot price / closing price
Direction / threshold
above / 736
Stored window
by 2026-07-03 20:00 UTC · opens 2026-06-27T13:13:36.073Z · closes 2026-07-03T20:00:00.000Z · administrative resolve 2026-07-03T20:05:00.000Z
structured_scanner
threshold_close_v1
Recorded outcome evidence
BACK · recorded 2026-07-03T20:25:16.252Z · Resolution bd9ac31b-7ad2-4510-8144-5fa8462f32db
Resolver rationale and source record
Operator note: resolved BACK despite zero positions because this thesis remains part of the public record and should settle transparently against its published rule. Source checked: https://finance.yahoo.com/quote/SPY/history/. No payouts were required.
Snapshot captured 2026-07-03T20:25:16.129Z. Historical Yahoo settlement probe evaluates BACK using 744.780029296875 on 2026-07-02.
primary: Yahoo Finance SPY close · used · check time unrecorded Fetched historical Yahoo close 744.780029296875 for 2026-07-02 to evaluate the published threshold rule.
Settlement mode: deterministic.
Primary source: Yahoo Finance SPY close (https://finance.yahoo.com/quote/SPY/history/).
Historical Yahoo close at or before 2026-07-03T20:05:00.000Z: 744.780029296875 (2026-07-02).
Published threshold rule: SPY ≥ 736 at resolve time.
Historical settlement probe evaluates this thesis as BACK.
