In yesterday’s letter, we wrote:

This is what happened. The market opened strong after dipping within half a point of our critical 6730 SPX support overnight. Following this, we reclaimed the essential 6839 level, which acted as a springboard for a significant rally. The SPX surged through various resistance targets, including 6851, 6871, 6884, and ultimately 6907, demonstrating the strength of the bullish trend. $SPY ( ▲ 1.92% )  $SPX ( ▲ 1.97% )  $ES_F ( 0.0% )  

See how well the levels work?

Now, with a powerful 2% move up and sustained momentum, the question is: can we maintain this bullish attitude heading into next week? What levels should we watch closely to ensure continued upward movement?

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 recovery of 6839 was the key trigger to launch us 2% higher. Always trust the levels.

Now we are sitting in AH right on the key 6925 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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Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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Trading Plan

Today’s performance was impressive, particularly for a Friday, with high volume indicating strong participation from buyers. This upward movement could set the tone for a positive start to the upcoming week.

Looking ahead to Monday, while we have a lighter economic calendar, at least two FOMC members are scheduled to speak. Additionally, it’s essential to remain alert for any foreign policy or administration news (Iran?) that could impact market sentiment over the weekend. Keeping an eye on these developments will be crucial as they may influence trading decisions and market 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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