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In yesterday’s letter, we wrote:

This is what happened. The levels played out exceptionally well today. After a slight dip overnight, we were able to defend the critical support at 7386 exactly - right at 7406 ES. In the regular session, we saw again another defense of the same area. Following that, we had a strong rally that took us through 7437, 7449 and ultimately reaching a high of day at 7465.96-just above our 7463 target. $SPY ( ▲ 0.2% )  $SPX ( ▲ 0.17% )  $ES_F ( 0.0% )  

See how well the levels work?

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Looking ahead, we must ask ourselves, with today’s defense at rally back to flat, how do we position for further upside? What key levels should we monitor, and what potential pullbacks could present buying opportunities?

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 defense of 7386 provided a solid base for the upward momentum. As anticipated, once we cleared 7437, the market surged towards our targets at 7449 and 7463. Always trust the levels.

Now we are sitting in after hours right on the key 7448 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’s move was impressive, closing flat on the day but reflecting a solid move due to the overnight dip.

For tomorrow, we have revised consumer sentiment and inflation expectations data slated for release, alongside at least one FOMC member speaking. These events could lead to increased volatility, making it essential to stay alert and prepared for any market shifts.

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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