Monday August 24 2026 SPY SPX ES Actionable Levels

$SPX tries the bounce but is unable to hold key level. Where does this leave $SPY for Monday?

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In yesterday’s letter, we wrote:

For tomorrow, we’re closely watching the key SPX levels of 7625, 7639, 7669, and 7687 as we build a range ahead of the next decisive move. The bias remains bearish below 7687—we’re focused on selling rallies—but we’ll pivot neutral-to-bullish on a clear break and hold above that level. Entry setups include shorting failed runs into 7669 or 7687. A sustained push through 7687 would warrant a cautious long.

This is what happened. Today’s trading session was characterized by a significant attempt to bounce back; however, we were unable to maintain the critical 7687 level. Our trading action was largely contained within the chop zone, with resistance encountered at 7687. A brief breach of 7669 led to a quick drop to the low of day at 7660. From there, we saw a small recovery, testing the high of day at 7697, but ultimately gave it back including the key 7687, closing the day with sideways consolidation. $SPY ( ▲ 0.41% )  $SPX ( ▲ 0.43% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we head into the next week after struggling to break above 7687, what levels should we focus on? Where is the next opportunity for potential trades, and how do we adapt our strategy?

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 inability to get and stay out of the chop zone had us moving sideways and to the right. Always trust the levels.

Now we are sitting in after hours right on the key 7674 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.

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Trading Plan

Despite today’s .43% move higher, the lower volume typically associated with Fridays indicates a lack of conviction in the rally.

Looking ahead to Monday, the economic calendar is relatively light, but we do have a key speech from the Treasury Secretary. Keep your eyes peeled for any developments from the administration that could impact market sentiment.

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.

For Monday, we’re closely watching the key SPX levels of…

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