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In Tuesday’s letter, we wrote:

This is what happened. We lost the critical 6882 SPX level, which we identified as the line in the sand. Once this level was breached, it confirmed a bearish trend, leading to a swift decline to our support target of 6841. $SPY ( ▼ 0.74% )  $SPX ( ▼ 0.74% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we navigate this downturn, the question arises: where do we find our next support, and how can we safely re-enter long positions? What level will we need to reclaim to regain bullish momentum?

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 loss and then retest confirmation of the loss at 6882 led to a swift sell down to our key 6841 target. Always trust the levels.

Now we are sitting in AH right on the key 6847 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’s market saw a notable .7% decline, driven by continued lower holiday volume. This indicates a lack of participation and could lead to increased volatility in the coming sessions.

Looking ahead to Friday, we have only a single manufacturing PMI report on the calendar. However, it’s crucial to remain vigilant for any news from the administration that could impact market dynamics. As always, we’ll continue to monitor key levels and adjust our strategies accordingly.

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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