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. It turned out to be a chopfest of a day as we navigated through the levels without making any significant moves. The day opened around the 5525 level but struggled to maintain upward momentum as it oscillated between our key levels of 5485 and 5549. The SPX managed to reach a high of 5546.3 but was unable to reclaim the crucial 5573 level, leaving traders cautious.

See how well the levels work?

Despite the choppy action, we respected the levels laid out previously. Now that we are back in the range, do we hold here or are we bound for further consolidation? The critical levels remain the same, and how we manage them will dictate our next moves.

More in the trade plan below.

Now we are sitting in AH right above the key 5490 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

Note a possible double bottom on the daily chart, which may indicate that support has been found. Volume was relatively high but a tad less than yesterday's trading session.

Looking ahead, tomorrow brings more employment data and at least two FOMC members speaking during the session. These events could provide the necessary catalysts to break through current levels or reinforce our sideways action. Keep an eye on the key levels as we navigate through the upcoming dat

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.

Subscribe to Premium to read the rest.