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In yesterday’s letter, we wrote:

This is what happened. Today’s trading session was characterized by significant volatility, reflecting the market’s reactions to external factors, including Trump’s speech. We lost the critical 6556 level overnight, which triggered a cascading drop through all our downside targets, including 6543, 6528, 6510, 6493, 6477, and 6463. Fortunately, we managed to defend these lower levels, leading to a bounce back. The recovery of 6493 allowed us to reclaim the key levels of 6556 and 6570, which propelled us towards a high of day at 6601.91, right at our 6600 target. $SPY ( ▲ 0.09% )  $SPX ( ▲ 0.11% )  $ES_F ( ▲ 0.07% )  

See how well the levels work?

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Now, as we recover from this volatility, the focus shifts to whether we can maintain this upward momentum. What levels must we hold to avoid further downside, and where are the new resistance points?

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.

Both the failure of 6556 SPX overnight as well as the recovery of 6493 in the regular session were critical moments that provided entries for both the short and long side. Always trust the levels.

Now we are sitting in after hours right on the key 6580 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 ended roughly unchanged after a wild 140-point swing throughout the session, highlighting the market’s uncertainty.

Looking ahead, although the markets are closed tomorrow, we will be monitoring key employment data and watching Monday’s Services PMI release. These upcoming events will be crucial in shaping market sentiment as we navigate through the next trading week. Keep an ear to the ground on Iran-whether you believe what you are hearing or not the market is listening!

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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