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In yesterday’s letter, we wrote:

This is what happened. We had a 6394 dip & defense early in the session that ran 25+ points but once it was clear 6365 was lost and couldn’t be reclaimed it was all the way down towards our 6323 target (and now hit after hours) with low of day 6327. $SPY ( ▲ 1.07% )  $SPX ( ▲ 1.13% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we have had our first good sell in some time, are bears in control? Where do we find support below and what targets above turn the tide?

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 levels played out beautifully as we defended 6394 early in the session, which provided a 25-point bounce. However, once it was clear that 6365 couldn't be reclaimed, it was a 40+ point move down. Always trust the levels.

Now we are sitting in AH right on the key 6323 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.

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Trading Plan

Today was marked by a wide-ranging sell-off on significantly higher volume, with over 100 points fluctuating from top to bottom.

Looking ahead, tomorrow presents more potential volatility as we await employment data prior to the open and PMI post-open. It’s essential to remain vigilant and adapt to the incoming data, as it could shape market sentiment and direction.

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 can not 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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