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In yesterday’s letter, we wrote:

This is what happened. The market today showed strong resilience as we defended the key level of 6813 overnightEXACT, which set the stage for a push to the 6849 resistance EXACT. During the regular session, we hovered just below 6849, testing the waters before alternating between sides of the 6825 level. Then it was consolidation around the 6813 support zone, maintaining flat into the close. $SPY ( ▼ 0.07% )  $SPX ( ▼ 0.11% )  $ES_F ( ▼ 0.12% )  

See how well the levels work?

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Now, as we transition into next week, what key levels will guide our way amid global stories driving the market?

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 action illustrated the importance of the levels as we navigated through resistance and support zones. Both the support at 6813 overnight or 6825 during the day as well as resistance at 6849/6825 were prime examples. Always trust the levels.

Now we are sitting in after hours right on the key 6815 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 session was marked by great consolidation following a massive run higher this week, albeit with lower volume typical for a Friday.

Looking ahead to Monday, we have the first day of IMF meetings and home sales data to digest, along with at least one FOMC member speaking. As always, keep an eye on any developments over the weekend, especially concerning news from the Middle East, as they will influence market sentiment.

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 don’t have to 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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