Friday March 28 2025 SPY SPX ES Actionable Levels

$SPX chops & drops but reclaims key level. How does this setup $SPY to close the week?

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SPY Options
March 27, 2025

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In yesterday's letter, we wrote:

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For tomorrow, we’re closely watching the key SPX levels of 5683, 5677, and 5700.

Sellers are in control now, and bulls are in damage-control mode. If we cannot hold the key 5683 SPX level, then we want to be short for the move to 5677…Either of these could be longed if reclaimed—especially if we can reclaim 5683—

If we reclaim 5700 or defend 5683 directly, we want to be long for the move to 5719…”

This is what happened. The market opened with a swift failure to defend the 5683 level, which brought us down to a low of 5670.94. It was a tough start for the bulls, but the market quickly turned around. We then reclaimed 5677 and 5683 about 18 minutes after the opening bell. This led to a rally through all the targets listed to the high of the day at 5732.28—just above the critical 5729 target.

See how well the levels worked?

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Now that we had this consolidation day on higher volume, where do we go from here? The reclaim of the key levels shows strength, but will buyers continue to push higher? What supports do we need to hold, and what targets can we aim for?

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.

Levels were terrific today. After reclaiming both 5677 and 5683, we were on a fast path to today’s high. However, we faced some chop and defended the 5700 level multiple times before dipping into the close at 5693. Always trust the levels.

Now we are sitting in AH right on the key 5694 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 we had a wide-ranging consolidation day on higher volume.

Tomorrow, we have important economic data on PCE and personal income/spending scheduled prior to the open. Additionally, consumer sentiment and inflation expectations will be released, along with speeches from two FOMC members during the regular session. These events could influence market sentiment, so stay alert for any potential volatility.

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.

For tomorrow, we’re closely watching the key SPX levels of…

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