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In yesterday’s letter, we wrote:

This is what happened. We witnessed an impressive dip & defense overnight at the key level of 6346 EXACT (at 6364 /ES), which not only held but also set the stage for a 55+ rally even before the market opened. During the regular trading session, we successfully held 6396 (EXACT) after pushing through it and retesting the level precisely when the 10 AM speech got published. This led to a remarkable run of another 83 points, bringing us nearly to fresh all-time highs. $SPY ( ▲ 1.54% )  $SPX ( ▲ 1.52% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we are approaching all-time highs, where do we go from here? What levels will we need to watch to maintain this momentum, and how will upcoming economic data influence our path?

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 defense at 6346 overnight and the retest defense at exactly 6396 right before blast off were key indicators of the massive move to come. Always trust the levels.

Now we are sitting in AH right on the key 6467 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 marked a substantial 1.5% increase on higher volume, especially for a Friday.

For Monday, keep an eye on new home sales and the speeches from two FOMC members, which will occur near the close and after the regular session. These events could add volatility, so it's crucial to remain vigilant and prepared for any market reactions.

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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