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In yesterday’s letter, we wrote:

This is what happened. We began with an overnight dip that saw us defend critical supports, which set the stage for a push toward the 7032 level. After opening, the market tested the 7015 level, where another dip and defense occurred, leading to a strong rally through 7026 & 7032 and up to the high of day at 7051.23, just above our target of 7047 before settling back slightly into the close. $SPY ( ▲ 0.25% )  $SPX ( ▲ 0.23% )  $ES_F ( ▲ 0.21% )  

See how well the levels work?

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Now, as we reflect on the strength we’ve seen, the question arises: can we sustain this momentum? What levels must we continue to defend to keep the upside bias intact?

More in the trade plan below.

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

The dip & defense off key 7015 SPX supports in the regular session was a key indication we were heading higher despite the sideways consolidation. Always trust the levels.

Now we are sitting in after hours right on the key 7031 support level. What does this mean and where do we go from here? Read below for our 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.

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.

Trading Plan

Today resulted in a solid quarter-point percentage move higher after some consolidation, backed by continued average volume.

Looking ahead to tomorrow, we have day 5 of the IMF meetings and at least three FOMC members scheduled to speak during the session. Additionally, keep an eye on any news emerging from the Middle East, as it could impact market dynamics.

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

In fact, we’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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