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In yesterday’s letter, we wrote:

This is what happened. We managed to defend 6300 overnight and saw a brief run of 15+ points along with the dip and defense at 6293. While we didn’t hit the 6328 target we got close with the high at 6315.61 near the open. Additionally, later in the session we had direct support at 6285-dipping below the 6293 level and then back above, but ultimately, we closed flat on the day while defending the key 6293 level into the close (at 6296). $SPY ( ▼ 0.07% )  $SPX ( ▼ 0.01% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve had a healthy day of consolidation — without pressing higher, but also without breaking anything — the bullish structure remains intact. The key question now: what levels must hold to avoid a deeper pullback, and what’s the next major target to the 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.

Today we had the direct defense of 6300 overnight, the dip & defense of 6293-even despite the consolidation. Always trust the levels.

Now we are sitting in AH right on the key 6299 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.

Trading Plan

Sideways consolidation led to a flat close today, paired with decent but average summer Friday volume.

Looking ahead to Monday, we have a very light day in terms of scheduled reports and speeches, so it might be prudent to remain vigilant for any news regarding tariffs and trade deals that could impact market sentiment. Keep your eyes peeled!

I am 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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