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In yesterday’s letter, we wrote:

This is what happened. We had a pre-market reaction to data that brought us down to the 6437 dip & defense just prior and into the opening bell. This ran after defending 6451 several times to a high of day 6473.92 - just below the 6477 target. $SPY ( ▲ 0.54% )  $SPX ( ▲ 0.51% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we had a dip, defense and chop day consolidating in a tight range - where do we go from here? Where must we hold to continue the momentum into fresh all time highs?

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 6437 and 6451 defenses were key to a move higher despite the sideways consolidation. Always trust the levels.

Now we are sitting in AH right on the key 6470 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

Overall, today was a flat consolidation day, but we experienced slightly higher volume than the prior session.

For tomorrow, we’ll be keeping a close eye on retail sales data before the market opens, as well as inflation expectations during the session. It is also options expiration which could add volatility. All of these events could be pivotal in determining the direction of the market.

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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