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In yesterday's letter, we wrote:

This is what happened. Not long after yesterday’s (Thursday’s) close, we had a strong defense of the 5861 SPX level. We quickly reclaimed that level and began a vigorous rally that led us all the way up through our target levels to a high of 5949.34. This was right at our 5950 target listed in Thursday's letter, marking an impressive gain of more than 88 points from the lows.

See how well the levels work?

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Now that we’ve achieved these targets, the question is: where do we go from here? What levels should we keep our eyes on to maintain this bullish momentum?

More in the trade plan below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels were incredible today. The dip & defense directly on the 5861 key support was a long signal for the run all the way to precisely the 5950 target. Always trust the levels.

Now we are sitting in AH right on the key 5938 support level. What does this mean and where do we go from here? Read below for my 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.

Trading Plan

The reaction off the lows has been strong, though it came on lower Friday volume. It’s essential to remain cautious as we monitor upcoming economic events that could affect market sentiment.

Looking ahead, Monday brings us PMI data and at least one FOMC member speaking during the regular session. We need to stay alert for any potential market reactions as traders digest this information.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’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, I’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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