Friday Sept 22 2023 SPY SPX ES Actionable Levels

Don’t miss the Topic Directory - Getting lots of questions that are answered in here

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 top of premium content below.

I did not write full analysis and letter yesterday, but in the chat this AM I did mention that 4330 was a significant level down. Was not sure we would get to it today but we ended up closing right there.

If we fail this level it could get very ugly. What is my lean and how will we know bulls are safe to enter the market?

More in the trade plan below.

The 0DTE $SPY 434 puts ran from a low of $30 to $295= 883% gain.

I did not take this trade, however I was waiting for a failure of 4360 to enter it. I was actually watching and waiting to enter when they were just under $40. I had to get away from the desk for a few minutes and when I got back they were $83. Not wanting to chase because I missed the move it was one of my rare no trade days. Little did I know the move would continue in a massive way! More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels from this AM were fantastic. What great continuation and the slight bounce up to vwap was a great entry for those who took it to get short. Always trust the levels!

Now we are sitting in AH right on the 4323 key support level. What does this all 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.

Subscribe Now

Subscribe to Premium to read the rest.