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In yesterday’s letter, we wrote:

This is what happened. The levels played out incredibly well today. After an overnight drop, we defended right above the must-hold level at 7096. We then ran it up overnight to the 7182 resistance target. After the open, we had another nice drop and initially defended at 7137 for a decent bounce and then again just above 7121 (7126 low of day). Following this, we surged through the key levels of 7152, 7167, and 7182 before knocking out 7200 and nearly reaching the upper target of 7226, with a high of day at 7219.83 for a massive 1% move on the day. $SPY ( ▲ 1.0% )  $SPX ( ▲ 1.02% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, after successfully defending critical levels and pushing higher, where must we hold to maintain this upward momentum? Where do we expect resistance moving forward?

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 overnight defense just above 7096 and defense of 7121 in the regular session were key indications to get long and stay long. Always trust the levels.

Now we are sitting in after hours right on the key 7215 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.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

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.

Trading Plan

Overall, it was a solid 1% gain for the day, driven by slightly elevated but not extreme volume, indicating healthy participation from traders.

As we look forward to tomorrow, we have the manufacturing PMI data to consider, along with a light close to the week. Additionally, it’s important to keep an eye on developments in the Middle East, as these can impact market conditions 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.

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