Friday Mar 31 2023 SPY SPX ES Actionable Levels

In yesterday’s letter, I wrote:

While we did not get up to 4066 today, we did hit 4057 (above 4056 level) and made a push for it at the end of the day.

Today had setups going in both directions, I actually played puts first half and then calls at the end

When $SPX was 4051 I tweeted:

We did break VWAP & break down through 4040 and hit a low of 4032.

We did end up reclaiming 4040 and then have a late day rally that brought us in AH to kiss 4056.

The 0DTE $SPX 4050 Put ran from $600 to over $1800 per contract. - 200+% gain.

I played these, but should have been a bit more patient…

Below, we’ll cover the actionable levels, how I played them today and what they mean for the rest of the week.

Levels from last night worked out great (15 min chart). I had some nice profits with puts for most of the day and then I started playing calls end of day. More in the trade recap below but wished I was just a little bit more patient with the puts! Always trust the levels!

Now we are sitting in AH just below the key 4056 resistance 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 tomorrow’s session and today’s trade recap.

Learn the system to make 1-3 low risk, high trades per day using SPY/SPX options.

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