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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.

In yesterday’s letter, I wrote:

This is what happened. After the close yesterday, the market held the 5724 level and never looked back, rallying all the way up to the 5775 target I had provided.

See how well the levels work?

We opened with a strong move, and I traded the $SPX 0DTE 5750 call on a reclaim of the 5741 level after a dip to 5729. This trade ran to 5748 before we dipped down to that low of 5721. It was a quick 50%. After hitting the low of the day we managed to reclaim 5741 again by the close, showing the strength of the market.

Now that we punched up and had a failed breakout at the highs, where do we go from here? What levels are must hold now and where must we breakout to feel better about the longer term trend?

More in the trade plan below.

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

We hit a low of 5721, right above the 5719 dip & defense level, before rallying back above 5741 to close. Always trust the levels.

Now we are sitting in AH right above the key 5746 support level. What does this 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.

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.

Trading Plan

Volume was stronger than the prior three sessions, which contributed to the overnight move and the sell-off during the regular session, ultimately resulting in a green candle on the daily chart. Despite the fluctuations, the market demonstrated resilience.

Looking ahead, tomorrow is a lighter day in terms of scheduled events, but we have PCE and other data coming out prior to the open, along with consumer sentiment and at least one FOMC member speaking during the session. It's essential to remain cautious and attentive to market reactions as we navigate through these economic indicators.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’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, I’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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