Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. We never got down to 5067 overnight and just before the open we got a decent dip but didn’t get down that far. Defending at 5074, low of 5073.14. Then we ran to a high of 5114.62 just above the 5111 target.

See how well the levels work?

Now that we had the dip and defense what impact did it make to the charts? What significance was the late day breakdown and that key 5101 level?

More in the trade plan below.

The $SPX 0DTE 5110 calls ran from a low of $272 to $1190 = 338% gain.

I had a rare no-trade day! But if I had traded I would have traded calls, even though you could have traded either side today and won.

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

Levels from the prior letter were fine. We just didn’t get deep enough for me to want to try the long nor did we breakout enough for me to want to try the long higher. Always trust the levels!

Now we are sitting in AH right above the key 5094 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

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

A smaller doji like with a higher high and higher low.

Quick volume check:

Low Friday volume.

Monday we have a very light day with no scheduled events or data in the leadup to a very busy week of data.

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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