In partnership with

In yesterday's letter, we wrote:

This is what happened. The market opened strong after hours and we successfully defended the 6093 level, which set the stage for a robust rally. Then, in the regular session we got a dip, defense and long opportunity to surge all the way through 6130 and peaked just below the 6148 target, reaching a high of 6146.52—just 1 point shy of new all-time highs! $SPY ( ▲ 0.78% )  $SPX ( ▲ 0.8% )  $ES_F ( 0.0% )  

See how well the levels work?

Smarter Investing Starts with Smarter News

Cut through the hype and get the market insights that matter. The Daily Upside delivers clear, actionable financial analysis trusted by over 1 million investors—free, every morning. Whether you’re buying your first ETF or managing a diversified portfolio, this is the edge your inbox has been missing.

Subscribe for free and invest with confidence.

Now that we have seen another strong move and grazed fresh all time highs, how much more room is there to punch above us? What are next targets and where must we hold to keep this possibility alive?

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 levels we highlighted proved to be incredibly accurate, guiding us from the defense of 6093 all the way to our target. Always trust the levels.

Now we are sitting in AH right on the key 6143 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 was a great day, finishing with an impressive 0.8% rally on better volume than yesterday, although we are still seeing lower summer volume overall.

Tomorrow we have the PCE release before the market opens, followed by revised consumer sentiment and inflation expectations post-open. Additionally, at least two FOMC members will be speaking, which could bring more volatility to the market.

Overall, it’s essential to stay alert and be prepared for potential market reactions to these upcoming events as we push toward all-time highs!

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.

Subscribe to Premium to read the rest.