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In yesterday’s letter, we wrote:

This is what happened. The levels did their job today as we utilized 6600 as a launchpad, propelling us through 6621 and ultimately reaching a high of 6656.8 during the session. After hitting that peak, we spent much of the afternoon chopping sideways around the 6641 level. $SPY ( ▲ 0.47% )  $SPX ( ▲ 0.48% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we've successfully breached significant resistance, we must consider what comes next. With 6641 acting as a new benchmark, will we see further upward momentum on OPEX Friday, or will the market take a breather?

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 6600 base and run through 6621 and 6641 were key support and resistance to guide the days action. Always trust the levels.

Now we are sitting in AH right on the key 6639 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.

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.

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Trading Plan

Today marked a nice 1/2% move higher on good volume.

Looking ahead to tomorrow, it's options expiration Friday, which could mean we are stuck in the mud and chop in a tight range - OR it could introduce some volatility. There are almost no scheduled data/events, but we will have an FOMC member speaking in the afternoon. Keep an eye on market reactions to any comments made, as they could influence trading dynamics heading into the weekend.

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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