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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. Overnight we lost 5036, reclaimed it and then lost it again by the open. We sold off quickly to lose 5026, hitting a low of 4990.58, just below the 4991 level. Then we defended and rallied hard all the way to 5057.75 during the regular session.

Then, if that wasn’t a big enough V range, in after hours post-earnings we immediately blasted through the 5063, 5075, 5087 targets and nearly hit 5100, just shy of the 5108 final target.

See how well the levels work?

Now that we’ve dramatically filled out this range some more, printed an outside day, where do we end the week? What are the must hold levels & targets above?

More in the trade plan below.

The $SPY 4DTE 504 calls ran from a low of $95 to $524 = 452% gain.

I traded these from $192 to $295 for 54% as called out in the chat. I wish I had held onto some runners past the close as SPY was north of 508 after hours but I took my one shot and got out. My entry was exceptionally good after missing the short and the long directly from the 4991 entry. 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. I wish I was able to trade the short but the entry was right at the open which is in my 15 min no trade window. Then I missed the long right off 4991 because I was not excited about it at the time but it would have been great. Luckily I was patient and got a really great long entry later in the day. Always trust the levels!

Now we are sitting in AH right above the key 5088 support level. What does this 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.

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Trading Plan

Here is a current check of the daily:

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

An outside day with a lower low and higher high on the daily.

Quick volume check:

A lot more volume today. Is the low in?

Tomorrow we have PCE prior to the open and consumer sentiment during the 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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