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In yesterday’s letter, we wrote:

This is what happened. We held the critical support beneath us throughout the overnight hours and several times during the trading day but didn't really break through until the back half of the regular session. At one point, we got within just 3 points of the 5927 long dip and defense level before rallying a solid 24 points. That was probably the best long opportunity of the day, showcasing the importance of our key levels.

See how well the levels work?

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Now that we held yesterday’s gains and put in a tight range consolidation day, where do we close the week?

More in the trade plan below.

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

Levels were fine it was just a lot of chop. Too tight of a range for us! Always trust the levels.

Now we are sitting in AH right on the key 5930 support level. What does this mean and where do we go from here? Read below for my 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 turned out to be a tight, chop-filled session with lower volume.

Looking ahead, tomorrow brings some housing market data in the morning, which could provide the market with fresh catalysts. Traders should remain vigilant around economic indicators that could lead to increased volatility, especially if we continue to see tight ranges in the SPX.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’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, I’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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