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In yesterday’s letter, we wrote:

This is what happened. Today, we saw a remarkable performance as the levels played out perfectly. We managed to defend the key support at SPX 7674, which set the stage for a significant bullish move. Once we broke through the 7695 breakout target, the market surged all the way to our upside targets of 7710 and 7726, ultimately hitting a high of day at 7741.27 - right at the 7741 target before consolidating, then defending precisely at 7710 to bounce into the close. $SPY ( ▲ 0.66% )  $SPX ( ▲ 0.72% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, with the market pushing higher, the question arises: can we maintain this momentum? What key levels must we hold to continue this upward trajectory, and where might we face potential resistance or pullbacks?

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 defense of 7674 and the break (and hold) above 7695 (not to mention the direct defense at 7710) were crucial in today’s bullish action, showcasing the importance of supports and resistances. Always trust the levels.

Now we are sitting in after hours right on the key 7719 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’s move was a solid .72% increase on elevated volume, indicating strong buying interest.

Looking ahead to tomorrow, we have a critical Fed Chair speech at Jackson Hole, along with employment data, consumer sentiment, and inflation expectations data being released. These events could significantly influence market sentiment, so it’s essential to remain alert and ready to adjust our strategies as needed.

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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