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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.

First Few Lessons Already Launched - Order Now

Order Now - First few lessons launched on 2/19!

What we’re reading:

In yesterday’s letter, I wrote:

This is what happened. We obviously didn’t (yet) retest 5191 or 5209 or 5227 and found support overnight around the 5239 level posted from yesterday. Then we punched all the way to a high of 5261.10, precisely at the 5261 target above.

See how well the levels work?

Now that we’ve punched even higher, is the rally slowing? What does volume say and what are the key levels above and must hold ranges below that are now in focus?

More in the trade plan below.

The $SPY 0DTE 524 calls ran from a low of $39 to $71 = 82% gain.

I did NOT trade these today but these are probably the closest contract for what I would have traded. It was a rare no trade day and the action shows why. According to my plan, I wanted to long a deeper retracement that has not yet occurred. If we don’t get it, fine, I will reassess, but it was a range day and not a great one for trading contracts. 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.

Levels from the prior letter were great. We held to the target 1 level for most of the day and tagged target 2. Will see how much of a retest we can get tomorrow. Always trust the levels!

Now we are sitting in AH right on the key 5246 support level. What does this all 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 6/29 & all overnight action.

Still holding the breakout - in fact, poked up to fresh all time highs.

Quick volume check:

Again, same story as yesterday. The volume has me concerned we can push higher or hold the current range. We have had 4 sessions of near identical lower volume.

I need to see a trend up day on higher volume or I fear when volume arrives it will be to the downside.

Tomorrow we have Powell speaking as the market opens. We also have another Fed member speech 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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