In yesterday's letter, we wrote:

This is what happened. The market opened with a solid dip and defense precisely at the 5889 key level, exactly as highlighted in my previous forecast. We saw this dip occur not just once before the market open, but also about an hour into the regular session, which set the stage for a strong rally. From that critical support level, SPX surged all the way up to a high of 5963. This marks a remarkable gain of over 76 points, showcasing the bullish momentum we anticipated.

See how well the levels work?

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Now that we had yet another dip and defense to key levels, are we off to the races? What levels are must hold and what targets above will make us feel confident?

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 were awesome. The defense at both the 5889 and reclaim of 5900 proved crucial for the upward trajectory we experienced today. Always trust the levels.

Now we are sitting in AH right below the key 5948 resistance 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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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

As for tomorrow, we continue to witness strong dip and defense patterns, which is reflected in a very nice daily candle along with increasing trading volume. This bullish sentiment may carry into tomorrow, where we have key economic data to monitor.

We can expect PMI, consumer sentiment, and inflation data to be released, which could potentially impact market movements. Traders should remain vigilant and prepared for any volatility that may arise from these announcements.

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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