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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. Overnight we melted up, never needing to retest 5015. We tested the 5059 2nd target prior to the open and then after the open sold off all the way to a low of 5011.05, just below the 5015 key level before turning around. Then we rallied all the way back through 5044,, 5059 to a high of 5073.21.

See how well the levels work?

Now that we have defended key levels and rallied, where do we go from here? What levels do we need to take out above that would allow us to break free from this range? What levels below are must hold to keep a major selloff at bay?

More in the trade plan below.

The $SPY 4DTE 503 calls ran from a low of $216 to $478 = 121% gain.

I traded these as called out in the chat from $300 to $395. I went longer dated because while I knew we had a good chance to run higher once we shook out both sides I didn’t know if we would chop and do that tonight or tomorrow and we could have chopped the remainder of the day. These worked out but I wish I had held some runners with a bit looser stops. I also didn’t wait for the best entry. 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 amazing. We never tested the key level noted overnight and rallied up. Then after a failed breakdown of 5015 we rallied back hard again. Always trust the levels!

Now we are sitting in AH right above the key 5080 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.

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Trading Plan

Here is a current check of the daily:

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

A lower low and lower high but closing at the top of the day’s range.

Quick volume check:

Lower volume than FOMC Wednesday.

Tomorrow we have employment and PMI data pre and post open.

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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