In partnership with

In yesterday’s letter, we wrote:

This is what happened. The levels played out perfectly as we were unable to hold the critical 6631 level, which triggered a swift drop down to 6580. Here, we managed to defend the level and roared back up about 40 points, reaching a high of day at 6610. Unfortunately, we couldn’t maintain that level, which led to a decline down to the low of day at 6569.22, just above our key downside target of 6564, before bouncing into the close. $SPY ( ▼ 0.46% )  $SPX ( ▼ 0.5% )  $ES_F ( 0.0% )  

See how well the levels work?

What Smart Investors Read Before the Bell Rings

In a world of clickbait headlines and empty hot takes, The Daily Upside delivers what really matters. Written by former bankers and veteran journalists, it brings sharp, actionable insights on markets, business, and the economy — the stories that actually move money and shape decisions.

That’s why over 1 million readers, including CFOs, portfolio managers, and executives from Wall Street to Main Street, rely on The Daily Upside to cut through the noise.

No fluff. No filler. Just clarity that helps you stay ahead.

Subscribe free today.

Now, with a third day loss of support and retests lower-where do we go from here? Where must we reclaim to feel good about longs?

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.

First sign was when we couldn’t hold 6631. Second sign was when 6610 couldn’t hold (twice). This led to a sell all the way down (almost) to our final downside target of 6564. Always trust the levels.

Now we are sitting in AH right on the key 6607 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 trading resulted in a 0.5% move lower on high volume, indicating that traders were active throughout the session.

Looking ahead, tomorrow we will have PCE data released prior to the open, followed by consumer sentiment and inflation expectations after the open. Additionally, we can expect at least two FOMC members to speak throughout the day, which may further influence market sentiment and trading volumes.

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.

Subscribe to Premium to read the rest.