In partnership with

Learn how to become an “Intelligent Investor.”

Warren Buffett says great investors read 8 hours per day. What if you only have 5 minutes a day? Then, read Value Investor Daily.

Every week, it covers:

• Value stock ideas - today’s biggest value opportunities 📈

• Principles of investing - timeless lessons from top value investors 💰

• Investing resources - investor tools and hidden gems 🔎

You’ll save time and energy and become a smarter investor in just minutes daily–free! 👇

Subscribe now with one click.

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.

In yesterday’s letter, I wrote:

This is what happened. After a solid dip & defense of the 5518 level, we didn’t even need to test the 5495, instead, we saw a strong bounce that propelled us up to a high of 5561.98 right at the 5561 level. While we didn’t quite reach the 5568 target, it was a robust session that reaffirmed the bullish momentum.

See how well the levels work?

With such a sustained move higher and major resistance above, where do we head from here? What levels must we hold to continue the move higher?

More in the trade plan below.

As for trades, I had no trades today as I was unavailable in the morning, and by the time I got to the office, the move had already played out!

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Today the levels were great, not even needing to dip down to the 5495 and instead a dip and defense just below 5518 and then a rocket up to a high of 5561.98 right at the 5561 level not quite to 5568. Always trust the levels! Always trust the levels!

Now we are sitting in AH right above the key 5557 support level. What does this mean and where do we go from here? Read below for my 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.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

With today’s action, we are back at the very top of the range established in late July, positioning ourselves for a potential breakout after some consolidation.

Quick volume check:

This was the weakest we’ve seen in a long while, particularly on Fridays.

We have a very light schedule for Monday in terms of data or scheduled events, but we should keep an eye on any FOMC member speaking during the session. Additionally, news surrounding the US Presidential Election and developments in the Iran/Israel situation may also influence market sentiment.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’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, I’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.

Subscribe to Premium to read the rest.