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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.

In yesterday’s letter, I wrote:

This is what happened. We lost the critical 5801 level overnight, which set the tone for a bearish day. The market opened just above 5771 but quickly sold off, ultimately testing the lower level of 5715.28, which was the last level I provided yesterday. This failure to hold above 5801 indicated a strong bearish sentiment in the market.

The overall levels played out tremendously well as anticipated. The decisive loss of the 5801 level led to a significant downward movement, below the 5733 level and just above the final downside targets provided.

See how well the levels work?

Now that we put in the first real sell in some time, where do we go from here? What critical levels must reclaim to prevent further selling? What levels below must hold to prevent another leg lower?

More in the trade plan below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels played out tremendously well as we lost 5801 overnight and opened just above the 5771 level before selling off all the way to test 5715 the last level provided yesterday. We had multiple shots at reclaiming 33 but none could take, this kept me out of the long. Always trust the levels.

Now we are sitting in AH right above the key 5713 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

Today's session ended with a monster sell-off on the daily chart, accompanied by much higher volume. The bears indeed roared today, showcasing their strength.

For tomorrow, we have more employment and PMI data coming out. These reports could lead to further volatility, so it’s crucial to remain vigilant and watch for market reactions in response to these economic indicators.

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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