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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. After a strong overnight move, we opened very close to our 5878 target, hitting a high of 5878.46 just after the market opened. This is only 46 cents above that key target.

See how well the levels work?

This was a great overnight long if you traded futures or swung long overnight which I saw some on our team had done.

We then saw a dip post-open, where we initially defended the 5854 level. However, the market never moved deep enough for my wanted long entry.

Now, we find ourselves at a critical juncture. Do we have a new range that we play in? Will buyers step in to push us even higher? Which levels should we look short?

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 levels were good, however if you didn’t take the long entry yesterday or overnight it was hard to trade. Never dipping enough for a fresh long and shorts are risky here. The defense at 5854 was an option, but not for me. Always trust the levels.

Now we are sitting in AH right on the key 5846 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.

The market printed an indecisive doji on the daily chart with higher volume, indicating a lack of conviction.

Looking ahead, tomorrow we have an FOMC member slated to speak mid-day during the trading session. This could inject some volatility into the markets, so be prepared for potential swings as we digest the implications of the comments. Pay attention to how we react at the key levels mentioned earlier, as they will guide us in the next session.

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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