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In yesterday's letter, we wrote:

This is what happened. The levels held beautifully today as we witnessed a solid defense at 6340 SPX overnight, which ran up 30 points, propelling us towards the 6369 level. Then, during the regular session we had a couple defenses of 6369 which defended beautifully and launched us direct to the 6398 resistance (high of day 6395.16). $SPY ( ▲ 1.07% )  $SPX ( ▲ 1.13% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve had the breakout - are all time highs in our future? Where must we hold to prevent another major pullback and what are next targets above?

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 levels played out beautifully with the 6340 overnight defense as well as the 6369 defense and breakout to the 6398 resistance. Always trust the levels.

Now we are sitting in AH right on the key 6401 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 we recorded a nice 3/4% gain on lower Friday volume, indicating that while the momentum is strong, the market is not being pushed higher by overwhelming buying pressure.

For Monday, we have a very light day in terms of events and scheduled reports, with only the Cleveland Fed inflation expectation report on the docket. Additionally, keep your eyes peeled for any significant news regarding trade deals or developments with the proposed Russia meeting, as those could impact market sentiment.

Overall, continue to monitor those key levels as we push forward. The market is showing resilience, and the potential for further upside remains in play.

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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