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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. The levels played out beautifully as we didn’t even need to test 5911 again, running all the way up above 5939 before the open. We then continued to push through all resistance levels, ultimately hitting a high of 5983.84, RIGHT at the 5983 target I had outlined.

See how well the levels work?

Now that we achieved the targets above, where do we go from here? Are we poised for further upside, or are there signs of potential reversal?

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.

The overall levels played out seamlessly as we were able to bypass the 5911 mark and rally strongly. The upward trajectory was impressive, and we were able to reach the targeted level of 5983.84. Always trust the levels.

Now we are sitting in AH right above the key 5976 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

Today's rally was significant but occurred on weaker volume, which is atypical for an FOMC day, especially following an election. This could indicate a lack of conviction in the move.

Tomorrow, we have consumer sentiment and inflation data along with at least two FOMC members speaking. Keep an eye on how these events may influence market sentiment and direction.

As always, stay alert and follow your plan as we navigate through potentially turbulent waters.

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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