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In yesterday’s letter, we wrote:

This is what happened. Today’s trading session was eventful! Initially overnight, we experienced a dip below the critical 7089 support, but it was defended effectively, leading to a run back up to 7133. Then in the regular session the market continued higher, reaching a high of 7147.78, just shy of our 7153 target. However, then we gave it all up - losing 7089and even all downside targets listed, defending just above 7044 support (low of day 7046.55) before running it all the way back up and closing well above the 7089 support. $SPY ( ▼ 0.39% )  $SPX ( ▼ 0.41% )  $ES_F ( ▲ 0.02% )  

See how well the levels work?

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Now, after a massive 100+ point volatile day - where do we go from here? Has the market recovered enough to breakout higher? Where must we reclaim first?

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.

As we faced this turbulence, we managed to defend just above the critical 7044 support, hitting a low of 7046.55 before rallying back, closing well above the 7089 level. This demonstrates the market’s volatility and the importance of our strategic entry points. Always trust the levels.

Now we are sitting in after hours right on the key 7100 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 recorded a .4% drop on high volume, but the recovery of losses indicates that traders are still engaged and ready to react.

Now, as we prepare for tomorrow, the focus will be on the key consumer sentiment and inflation data, which could significantly impact market direction. Additionally, it’s crucial to keep an eye on geopolitical factors, particularly developments concerning Iran.

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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