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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In yesterday’s letter, I wrote:

This is what happened. Overnight, we got close to the 5445 but defended which led to an overnight rally all the way to 5490+ by the open. It was choppy still and we eventually came down to test 5473 and a bit lower but we closed near the high of day - particularly after hours. It was a continuation of the choppy, tough to trade sessions we have had all week.

See how well the levels work?

Now that we defended 5473 and closed near high of the day, where do we head from here? Will we finally break soon and where must we defend to keep a breakout in play?

More in the trade plan below.

The $SPY 1DTE 550 calls ran from a low of $18 to $36 per contract.

I traded these prior to the low of the day but entered a tad too early at $31 and had exits at $34-$36. Had to hold through a drop in the $20’s. I counted myself lucky to be profitable at all and decided no more trades today with this chop. 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.

This week has been choppy, back and forth as we fill out the range. Not worth trading (much) in my opinion. Soon we will make a move that gives a clean direction. Always trust the levels!

Now we are sitting in AH right above the 5488 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.

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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.

More chop, but as we fill out the range we are nearing the highs.

Quick volume check:

Light volume continues. Can’t get momentum.

Tomorrow we have a number of reports in the AM, including PCE, PMI & Consumer Sentiment. We also have a couple FOMC member speeches, one during the trading session.

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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