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In yesterday’s letter, we wrote:

This is what happened. Today’s trading was heavily influenced by the key levels we set out in yesterday’s letter. We opened strong, successfully defending the 7571 level overnight, which propelled us to the 7586 mark exact (7631 ES). The market then saw a dip at 7536 that provided another opportunity for a rally, reaching a high of 7570.74 (right at the 7571 level) before we encountered selling pressure. This triggered a loss of multiple supports including the must hold level of 7517 to fall to 7504 EXACT (low of day 7504.02) before recovering 7517 into the close. $SPY ( ▼ 0.54% )  $SPX ( ▼ 0.51% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with the market having tested significant supports, the question is: can we sustain this upward momentum? Where must we hold to get a decent run tomorrow and where will we fall if we don’t?

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 7536 and 7517 dip & defense were prime examples of the supports at play and likely spots to get a reversal. Always trust the levels.

Now we are sitting in after hours right on the key 7526 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 market experienced a .5% decline on average volume, indicating some profit-taking after the recent uptrend.

Looking ahead to tomorrow, we have consumer sentiment and inflation expectations data coming out just after the open. It’s also important to watch for any fallout from Trump’s speech tonight, as it could significantly impact market sentiment and volatility.

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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