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Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

There seems to be some confusion as to the premium subscription and the discord chat. If you are premium and you do not have access to the “Premium Members Only” channels including “members-only” please authenticate yourself in the “bot-request-premium” chat. Or send me a DM in the discord!

Also - if you missed it - join our chat during market hours for premium subscribers. We are now leveraging discord for this. Link is at the very bottom of premium content: Trading Plan section below.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. We dipped after the open, eventually losing the 5147 level listed above. This was a major move down as we opened at 5173. We hit a low of 5138.77 and bounced to reclaim the 5147 level.

A recovery of the 5147 by 5+ points was the trigger and we ran all the way to a high of 5211.78, nearly 65 points from the 5147 level.

See how well the levels work?

Now that we once again defended the lows and rallied hard. How much more is left in the tank? What levels do we need to be concerned about losing now and when will we know we are in the clear for new all time highs?

More in the trade plan below.

The $SPY 4DTE 517 calls ran from a low of $135 to $414 = 207% gain.

I traded these twice as called out in the chat. First from $195 to $219 at highest sale where 70% was exited at profit and I took a loss on the remaining 30% and overall it was a losing position. I said I would try again if we reclaimed the 5147 level on SPX and that is where I traded the same contracts as called out in the chat from $158 to $317 for 101%, still holding 10% overnight. More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels from the prior letter were great. Another volatile day where we had a nice rally premarket, dip at the open and then a rally for the remainder of the day. The failure and reclaim of the key level led the way. Always trust the levels!

Now we are sitting in AH right above the key 5195 support level. What does this all mean and where do we go from here? Read below for my trade plan which includes actionable support & resistance levels, outlook for the next session and today’s trade recap.

Learn the system to make 1-3 low risk, high reward trades per day using SPY/SPX options.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

Another lower low but a battle back to end near highs of current range.

Quick volume check:

Weaker volume on the trend up day even after the dip.

Tomorrow we have consumer sentiment and two fed member speeches during the trading session.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’ve created a separate channel in the discord just so you can not be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, I’ve created this single resource as a guide. It is a living document and we will continue updating it. You must be logged into the site to read it:

https://letter.spyoptionsactionablelevels.com/p/strategy-guide-the-basics

As readers know trading after a massive move in either direction is risky.

Trying to predict when trend will break is a fool’s game because the trend can be stronger than you ever realize.

Going with the trend is hard because it has already run so far (or dropped) and move may be close to over.

All you can do is pick your entries carefully and with proper position sizing. Trading out 1-3 DTE or further also helps soften the blow.

Yes it will decrease the amount of profit but will greatly help keep you in a trade long enough to see return.

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