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In yesterday’s letter, we wrote:

This is what happened. The market opened with strength, successfully defending the 7539 support level overnight. This allowed for a run through the 7563 resistance and ultimately pushed us towards our targets of 7600 and 7612. We defended 7612 multiple times today before breaking through 7635 to a high of day at 7646.86, closing right on the 7635 support. $SPY ( ▲ 1.13% )  $SPX ( ▲ 0.96% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we navigate this bullish momentum, the question arises: can we maintain this upward trajectory? What levels should we watch closely to ensure we don’t see a reversal in sentiment?

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 overnight defense and push up through the chop zone to key resistance was the trigger and led to an over 1% move higher. Always trust the levels.

Now we are sitting in after hours right on the key 7644 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 was substantial, with a 1.15% gain, albeit on lighter volume, suggesting that while bulls were in control today, we should remain cautious as we push higher.

Looking ahead to tomorrow, we have at least two FOMC members speaking throughout the session, which could introduce volatility into the market. Additionally, it’s important to keep an eye on any developments both domestically and overseas that could impact our trading 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 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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