In yesterday's letter, we wrote:

This is what happened. Today was a fantastic day for the markets, with levels playing out perfectly. Overnight we had a dip and a solid defense of the 6916 level, leading to a bounce up to 6946. During the regular session, we saw another dip and defense right at 6916 EXACT at our level, where we recorded a low of day at 6917.64. This triggered a rally back through 6929 and up to our targeted resistance level of 6957. After some consolidation, we pushed up to 6976 EXACT at our level, hitting a high of day at 6978.36. $SPY ( ▲ 0.66% )  $SPX ( ▲ 0.65% )  $ES_F ( 0.0% )  

See how well the levels work?

Now, as we move forward, the market remains cautiously bullish. What levels should we watch for potential pullbacks, and how can we position ourselves for the next move?

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.

Both the overnight and morning defenses at 6916 were key long signals to run all the way to our 6976 resistance target-exact! Always trust the levels.

Now we are sitting in AH right on the key 6967 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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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.

Trading Plan

The strong volume today, combined with the .7% move higher, showcases the strength of the bullish momentum.

Looking ahead to Monday, we have a 10-year bond auction scheduled, along with at least two FOMC members speaking throughout the day. Additionally, keep an eye on the upcoming CPI and PPI reports scheduled for Tuesday and Wednesday, as they could have significant implications on market direction. Stay alert for any weekend news from the administration that could impact the markets as well.

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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