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In yesterday’s letter, we wrote:

This is what happened. The levels played out beautifully. After yesterday’s defense after the close of ES 7512 / SPX 7464, we witnessed a strong rally that pushed us through crucial resistance levels at 7469, 7481, and 7494. The market continued its upward momentum through 7509, 7527, 7543, eventually hitting a high of 7546.89, 3 points above our 7543 target level.$SPY ( ▲ 0.81% )  $SPX ( ▲ 0.76% )  $ES_F ( 0.0% )  

See how well the levels work?

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Keep Your Cool

Now, as we look ahead, we need to consider whether this rally has legs. What levels must be defended to maintain this bullish sentiment? And where should we consider taking profits or adjusting our positions if we face 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 of the key support at 7464 worked perfectly and led to a strong rally. Always trust the levels.

Now we are sitting in after hours right on the key 7538 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 significant at .8%, although it occurred on lower volume, which suggests that while the upward push is notable, it may lack the conviction typically seen with higher volume.

For tomorrow, we expect a lighter day in terms of scheduled speeches or data releases. However, we should remain vigilant regarding geopolitical developments, particularly concerning Iran and any actions taken by the White House that could impact market sentiment.

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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