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In yesterday’s letter, we wrote:

This is what happened. The levels played out beautifully as we held the 6529 SPX level exact during the CPI dip and then rallied approximately 20 points before the market officially opened. We continued to push through the 6553 resistance, holding it decisively, and ran all the way to our key upside target of 6588, closing right on that level. The market responded positively to the data, showing resilience in the face of inflation concerns. $SPY ( ▲ 0.83% )  $SPX ( ▲ 0.85% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with fresh all-time highs printed and price climbing into nose-bleed levels with very little oxygen, the question is: where must we hold on any retests lower to keep momentum intact? And once that support is confirmed, where’s the next key upside target waiting?

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 6529 was bullish on CPI and it was a bounce and slow grind higher to key 6588 target from there. Always trust the levels.

Now we are sitting in AH right on the key 6581 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.

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

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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.

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Trading Plan

Today we experienced a solid 0.8% movement on average; however, the volume was lighter than one might anticipate given the day’s action.

Looking ahead to tomorrow, we have preliminary consumer sentiment and inflation data scheduled to be released just after the open, followed by a light day to wrap up the week.

Keep an eye on these economic indicators as they may impact market sentiment and volatility.

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 can not 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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