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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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

In yesterday’s letter, I wrote:

This is what happened. After defending at 5590 overnight and rallying to a high of 5614.05 (right at the 5614 level) we lost 5575 after a brief flirt with 5590 and fell to a low of 5522.81, just below the 5526 level above.

See how well the levels work?

Now that we have had a second day of selling, how much more could be ahead? What would a relief rally look like and what levels below and targets above point the way?

More in the trade plan below.

Here are some screenshots from our chat today:

The $SPY 0DTE 560 calls ran from a low of $48 to $96 for 100% gain.

This is peanuts compared to short trades and some other long trades today. I entered a bit early in the action. I traded these from $65 to $89 at best sale and then stopped out for profit on the rest. I wish I had waited and traded a better long and then there was the massive short opportunity on failure of key level. More in the trade recap below.

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

Once we lost the critical level of 5575 SPX we dropped like a rock. After a brief bounce we fell further and then had a bit of an end of day rally. Always trust the levels!

Now we are sitting in AH right above the key 5549 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

A second significant dip of .78%. Now we’ve opened up the range of potential moves even further.

Quick volume check:

2nd highest ES day of year for volume. With the late day rally this could have been the flush we needed.

Tomorrow we have options expiration and two FOMC member speeches during the trading day.

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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