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In yesterday’s letter, we wrote:

This is what happened. The market displayed impressive resilience today, successfully defending the critical 7100 level, which we identified as our ‘bullish hold.’ This defense set the stage for a strong performance throughout the session, allowing us to reclaim and hold the 7107 and 7123 levels, ultimately leading to a bullish run towards our targets. We reached a high of day at 7168.59, just shy of the 7171 target, which illustrates the strength of the current uptrend. $SPY ( ▲ 0.81% )  $SPX ( ▲ 0.8% )  $ES_F ( ▲ 0.65% )  

See how well the levels work?

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Now, with the market closing near the highs, the question remains: can we maintain this momentum? What levels do we need to keep an eye on to ensure we continue to ride this wave of bullish sentiment?

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.

The ability to hold 7100 and push through 7138 and 7154 shows the power of the key support and resistance targets. Always trust the levels.

Now we are sitting in after hours right on the key 7162 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 was a solid bullish move higher of .75% with typical Friday volume.

Looking forward to Monday, we have a relatively light day in terms of reports and scheduled events. However, FOMC meeting is on the horizon for Wednesday, so it’s important to stay aware of any developments over the weekend, particularly regarding geopolitical situations involving Iran and the White House, as these will impact market direction.

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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