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In yesterday’s letter, we wrote:

This is what happened. The levels played out beautifully today as we saw the 6459 dip and defense overnight, which then propelled us upwards by 20+ points. During the regular session, we successfully defended the 6440 level, leading to an impressive run of over 25 points. The market demonstrated resilience despite the choppy consolidation and downward day. $SPY ( ▼ 0.23% )  $SPX ( ▼ 0.29% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we've seen these key levels hold, where do we go from here? Where is the must hold level now and where is next breakout target?

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 6459 defense overnight and the 6440 direct defense during the regular session were both key pivot points for long entries. Always trust the levels.

Now we are sitting in AH right on the key 6444 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.

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Trading Plan

Today was characterized by a choppy, tight range consolidation that drifted lower on low volume.

For Monday, we have a very quiet day in terms of scheduled reports and speeches, but keep an eye out for any news on Russia and any trade deals that could impact market sentiment. The absence of major catalysts may lead to continued range-bound trading unless external events prompt a shift in 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 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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