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 - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. We never even needed to test the 5163 level above overnight, defending above 5170 and then rallying hard after the open through 5201 to 5214 levels and a high of the day at 5215.3 just above the 5214 target listed above.

See how well the levels work?

Now that we’ve broken out higher. How much further can we run and what does volume indicate? Are new all time highs on deck? What levels below must we hold to keep this move alive.

More in the trade plan below.

The $SPY 1DTE 519C ran from a low of $62 to $218 per contract = 252% gain.

I traded these from $140 to $175 called out in the chat. I wish I could have held on longer but it was such a slow move higher. 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 didn’t even test the levels mentioned as key and it was a very bullish setup to run higher. At times it was very slow and choppy which did not lend itself to shorter dated. Always trust the levels!

Now we are sitting in AH right above the key 5217 support level. What does this 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.

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.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

A higher high, higher low and

Quick volume check:

Volume still very low.

Tomorrow we have consumer sentiment & inflation data and two FOMC member speeches 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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