In yesterday’s letter, we wrote:

This is what happened. Today was a strong session, where we opened between the 5612 and 5633 key targets after holding the key supports overnight. After a brief dip below 5612, we quickly reclaimed it and continued to rally, breaking through 5633 and reaching a high of 5658.91, just shy of the 5662 target that we had set. $SPY ( ▲ 0.72% )  $SPX ( ▲ 0.94% )  $ES_F ( 0.0% )  

See how well the levels work?

4 Reasons The Dollar Could Collapse

If you’ve noticed that your dollars don’t seem to go as far as they used to, you’re not alone. Millions of Americans are in the same boat.

The recent inflation rate, the highest in over 40 years, was a wake up call that made many people realize that the financial stability they had taken for granted for decades no longer exists.

The US government has been tempted to use its reserve currency status to its financial advantage. This has resulted in massive devaluation of the dollar.

A way to help protect your dollars is to diversify your money with assets that don’t depend upon the strength and health of the dollar for their value. Precious metals like gold and silver, for instance, are in demand around the world 24/7 and aren’t dependent upon the value of the dollar.

To find out reasons why experts are predicting the collapse of the dollar, request your free digital copy of the 4 Reasons the Dollar Could Crash eBook.

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Now, after such an active trading session, where do we go from here? With the market showing resilience in defending key supports and reclaiming levels above, does the strength continue or are we about to drop further? What levels guide the way?

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 levels played out tremendously well, as we held the key supports overnight, allowing for a robust upward movement. The breakout at 5612 & 5633 that we anticipated materialized, validating our analysis and strategy. Always trust the levels.

Now we are sitting in AH right on the key 5594 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

Today was a solid 0.6% move higher on decent volume, albeit lower than the prior session.

Looking ahead, we have more employment data scheduled prior to the open tomorrow. With this in mind, be on the lookout for any news on trade that could influence market direction.

Overall, it’s essential to keep an eye on these key levels and adjust our strategies accordingly, as they continue to guide our trading decisions.

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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