In yesterday’s letter, we wrote:

This is what happened. The levels played out beautifully today, reinforcing our bullish sentiment. We successfully defended the 6884 level overnight, which allowed for a solid 50-point run higher. After a brief retracement in the regular session, we found support just above 6884 once more, propelling us to a high of day at 6934—comfortably surpassing our 6925 target and nearly reaching the 6939 resistance level. $SPY ( ▲ 0.04% )  $SPX ( ▲ 0.03% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with the market exhibiting strength, we must ask: how long can this momentum carry us? What are the key levels we need to watch as we approach potential resistance?

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 dip and defense strategy at 6884 worked perfectly, showcasing the importance of adhering to the trading plan. Always trust the levels.

Now we are sitting in AH right on the key 6911 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.

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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 1/2% point increase, albeit on lower volume, indicating that while the market is advancing, the strength behind the move might not be as robust as it appears.

Looking ahead to tomorrow, we have manufacturing and services PMI data scheduled right after the open, along with consumer sentiment and inflation data in the morning. These factors could create additional volatility, so it’s crucial to stay 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 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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