Friday June 5 2026 SPY SPX ES Actionable Levels

$SPX loses critical support overnight to fall to first downside target, defending and then ripping during the regular session. Where must $SPY hold to close the week?

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In yesterday’s letter, we wrote:

For tomorrow, we’re closely watching the key SPX levels of 7539, 7566, 7585, and 7615.

Failure to hold 7539 would flip the script and prompt shorts targeting 7515

We’ll look to pick longs on a dip & defense of 7553, a direct defense at 7539… Any of those entries should pave the way through 7585 and 7602

This is what happened. The levels played out perfectly today, showcasing the importance of our strategy. After losing the critical level of 7539 overnight, the market quickly dipped to our targeted downside of 7515, hitting that mark exactly before bouncing back. We then defended the 7553 level effectively, which allowed us to push through to 7566 and 7585, ultimately reaching a high of day at 7598.19 right at our 7602 target. $SPY ( ▲ 0.38% )  $SPX ( ▲ 0.41% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we reflect on today’s action, the question remains: where do we go from here? What levels should we watch for potential reversals or continuations?

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 loss and then recovery of the key 7539 SPX support were the key indicator of where we were heading today. Always trust the levels.

Now we are sitting in after hours right on the key 7566 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 market saw a solid .4% move higher on decent volume, suggesting that buyers are stepping back in after testing lower supports.

As we look ahead to tomorrow, we have key employment data being released prior to the open. Additionally, keep an eye on any developments from the White House or the Middle East, as these factors could influence market sentiment significantly.

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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