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In yesterday’s letter, we wrote:

This is what happened. Today’s trading session showcased the importance of our key levels. We witnessed a significant dip and subsequent defense of the 7415/7404 zone, allowing SPX to rally all the way up through the 7433 and 7447levels, nearly reaching our upside target of 7463 with a high of day at 7460.98. Then we had 7415 support give way later in the day to drop to 7404 and nearly 7393 before a small pop into the close. $SPY ( ▲ 0.1% )  $SPX ( ▲ 0.05% )  $ES_F ( 0.0% )  

See how well the levels work?

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Keep Your Cool

Now, the key question is: Can we find stability, or will we continue to see this choppy range? What levels should we be focusing on to both hold and to breakout from?

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 dip & defense of 7415 leading to the massive run higher as well as the loss of it led to very clear entries for both the long and short. Always trust the levels.

Now we are sitting in after hours right on the key 7411 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

Overall, today’s session was a wide-ranging consolidation day that ultimately led nowhere.

As we look to next week, we have a lighter day for reports and speeches on Monday, but it’s essential to stay alert to developments from the White House and the Middle East. The market will also be gearing up for Wednesday’s FOMC, which could create additional volatility.

Keep an eye on the key levels we discussed, as they will guide our trading strategy moving forward.

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.

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