Friday July 31 2026 SPY SPX ES Actionable Levels

$SPX recovers key levels triggering massive squeeze higher. Where must $SPY hold now?

Author

SPY Options
July 30, 2026

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In yesterday’s letter, we wrote:

❝

For tomorrow, we’re watching SPX 7283, 7294, 7344, and 7383. The bias is to the downside following today’s sell-off until we reclaim critical levels above…If instead we can bounce through 7344 and hold it, we’ll flip long toward 7356, 7370, and 7383, and if we can remain above there 7396 and 7411 are final stretch targets on the upside.”

This is what happened. The levels played out beautifully today as we witnessed a significant rebound from the key support level of 7294 after the closing bell yesterday. After dipping to that exact point overnight, we managed to defend it and subsequently broke through the essential 7344 level, setting the stage for a bullish scenario. We dipped again in the regular session but never gave up the 7370 at low of day 7370.98 exact and then rallied all the way up through 7411 to high of day 7448.75. $SPY ( ▲ 1.68% )  $SPX ( ▲ 1.66% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we reflect on today’s action - can we hold these gains? What will the market reaction be to tomorrow’s data releases?

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 support at 7370 was crucial after a slight dip post-open, marking the low of day at 7370.98. From there, we surged past the 7411 level and reached a high of day at 7448.75. Always trust the levels.

Now we are sitting in after hours right on the key 7443 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.

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Trading Plan

Today’s impressive rally of 1.66% was accompanied by strong volume, indicating robust buying interest.

Looking ahead to tomorrow, we have key PMI, inflation, and consumer sentiment data slated for release. Additionally, keep an eye out for any news coming from the White House or developments in the Middle East, as they could have a substantial effect on 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.

For tomorrow, we’re closely watching the key SPX levels of…

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