Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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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. We ended up never getting the retest of 5487 and the 5514 entry was it unless you entered lower. We ran all the way up to a high of 5539.27, above the 5533 target.

See how well the levels work?

Now that we have continued the rally and have tested the waters outside this prior range to new all time highs, where do we go from here? Where must we hold to prevent undoing all of the work of this week? What happens when participants and volume return?

More in the trade plan below.

The $SPY 0DTE 550 calls ran from a low of $13 to $196 per contract for 1,408% gain.

I only caught a small piece of this in the morning, from $40 to $52 at best sale. Should have stuck with it but it was so choppy I didn’t know when or if we would get the move. 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.

It was choppy in the morning but we found our way after flagging and pushed on up higher. Always trust the levels!

Now we are sitting in AH right above the 5531 key 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.

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.

Trading Plan

Here is a current check of the daily:

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

Working on the breakout right now, on low volume.

Quick volume check:

Very low volume on this shortened holiday session.

Friday we have an FOMC member speak prior to the open, then unemployment data an hour before the open.

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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