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- Monday August 3 2026 SPY SPX ES Actionable Levels
Monday August 3 2026 SPY SPX ES Actionable Levels
$SPX dips, defends exactly at key support and runs all the way to resistance level EXACT. Where does $SPY head Monday?
In yesterday’s letter, we wrote:
For tomorrow, we’re closely watching the key SPX levels of 7380, 7401, 7438 and 7460. Following today’s monster recovery of critical supports, the bias remains to the upside as long as key support levels hold. We want to look for longs on a dip & defense at 7438, 7424 or 7401, and a breakout push through 7460 would be another trigger to enter long. From there we can target 7472, 7485 and 7498, and if 7498 is taken out and held, extend our targets to 7512.”
This is what happened. The levels played out beautifully today as we witnessed a This is what happened. Today, we witnessed a robust recovery as the market opened, dipped, and found support at the critical 7401 level with a low of day at 7399.83. This dip was defended, allowing us to bounce back and reclaim both the 7424 and 7438 levels. Following that, we saw a significant breakout through 7460, which drove us all the way to our upside target of 7512, hitting a high of day at 7512.04—exact! $SPY ( ▲ 0.72% ) $SPX ( ▲ 0.7% ) $ES_F ( 0.0% )
See how well the levels work?
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Now, as we look ahead, where do we see potential pullbacks and what levels should we be monitoring for further upside?
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 7401 was pivotal in today’s session, signaling a clear long opportunity that was a precursor to pushing through multiple resistance levels. Always trust the levels.
Now we are sitting in after hours right on the key 7474 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
Today marked a notable extension of the rally, closing up 0.7% on good volume.
For Monday, we should keep an eye on key manufacturing PMI data, as well as any developments from the White House or Middle East that could impact market sentiment. Stay vigilant and ready to adapt as needed!
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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