In partnership with

In yesterday's letter, we wrote:

This is what happened. The levels played out perfectly today. We saw a strong defense of the 6831 SPX level overnight, which allowed us to bounce up to the 6871 (described as the “breakout level” in yesterday’s note) at the top of the range. However, the selling pressure became evident as we lost 6812 during the regular session. This triggered a cascade through all downside supports, ultimately reaching our final target provided yesterday of 6725 SPX (with low of day 6724.81)—before we managed a slight bounce of over 10 points into the close. $SPY ( ▼ 1.66% )  $SPX ( ▼ 1.66% )  $ES_F ( 0.0% )  

See how well the levels work?

Pelosi Made 178% While Your 401(k) Crashed

Nancy Pelosi: Up 178% on TEM options
Marjorie Taylor Greene: Up 134% on PLTR
Cleo Fields: Up 138% on IREN

Meanwhile, retail investors got crushed on CNBC's "expert" picks.

The uncomfortable truth: Politicians don't just make laws. They make fortunes.

AltIndex reports every single Congress filing without fail and updates their data constantly.

Then their AI factors those Congress trades into the AI stock ratings on the AltIndex app.

We’ve partnered with AltIndex to get our readers free access to their app for a limited time.

Congress filed 7,810 new stock buys this year as of July.

Don’t miss out on direct access to their playbooks!

Get Congress Trade Updates

_{Past performance does not guarantee future results. Investing involves risk including possible loss of principal.}

Now, as we navigate through this significant down day, the question is: what levels do we need to reclaim to regain bullish momentum? And where could we find support if selling pressure continues?

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.

Both the bounce at 6831 SPX overnight and rejection at 6871 SPX and the 6812 failure to fall 1.5% are perfect examples of the levels at work. Always trust the levels.

Now we are sitting in AH right on the key 6745 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.

Wall Street’s Morning Edge.

Investing isn’t about chasing headlines — it’s about clarity. In a world of hype and hot takes, The Daily Upside delivers real value: sharp, trustworthy insights on markets, business, and the economy, written by former bankers and seasoned financial journalists.

That’s why over 1 million investors — from Wall Street pros to Main Street portfolio managers — start their day with The Daily Upside.

Invest better. Read The Daily Upside.

Subscribe free today.

Trading Plan

Today’s market experienced a substantial 1.5% decline, indicating strong selling activity on heavy volume.

Looking ahead to tomorrow, while we have a quieter economic calendar, we will have at least three FOMC members speaking throughout the session. Their comments could provide insights on monetary policy direction and potentially influence market sentiment. As always, stay alert and adapt your strategies based on the evolving market landscape.

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 can not 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.

Subscribe to Premium to read the rest.