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In yesterday’s letter, we wrote:

This is what happened. The levels played out perfectly today as we witnessed a dip & defense right at 6446, which was only 2 cents off the low of the day at 6445.98. 2 cents - who is providing this to you???

After holding that level, we surged all the way up to a high of 6502.54 - right at the 6501 upside target, delivering a monster run of over 56 points and bringing us right back near all-time highs. The strategy of defending key levels proved to be highly effective, and those who followed the plan were well-rewarded. $SPY ( ▼ 0.46% )  $SPX ( ▼ 0.5% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, following such a significant upward movement, what can we expect moving forward? Are we set for more gains, or will we encounter resistance at these elevated levels?

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.

Today’s 6446 defense within 2 cents and run back near ATH was spot on. Always trust the levels.

Now we are sitting in AH right on the key 6501 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.

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Trading Plan

Today marked a substantial 0.9% move higher, albeit on lighter volume.

For tomorrow, we have unemployment data scheduled prior to the market open, along with a lighter schedule of events throughout the regular session. Traders should remain vigilant and be ready to respond to any fluctuations based on economic news.

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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