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In yesterday’s letter, we wrote:

This is what happened. Today we successfully defended key support at 7703 multiple times, which allowed us to rally to a high of day at 7732.21. However, we later encountered some selling pressure, leading us to test our downside support RIGHT at 7689, where we found buyers again, marking a low of day at 7690.94 before bouncing back into the close at 7720. $SPY ( ▼ 0.38% )  $SPX ( ▼ 15.13% )  $ES_F ( 0.0% )

See how well the levels work?

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Turn Dead Ends Into Sales

Now, as we continue to hold above significant support levels, the question is: can we maintain this upward momentum? What levels will we need to reclaim to ensure that the bullish bias remains intact?

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.

The defense of 7703 proved critical, revealing a high likelihood of a move higher. Always trust the levels.

Now we are sitting in after hours right on the key 7672 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.

Trading Plan

Today’s movement reflected a consolidation phase, dropping .3% on higher data-induced volume, indicating that traders were absorbing the information before making their next moves.

Looking ahead to tomorrow, we have Chicago PMI data scheduled right after the open, along with at least two FOMC members speaking throughout the session. These events could impact market sentiment, so it’s important to stay alert and ready to adjust our strategies accordingly.

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 don’t have to 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.

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