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In yesterday’s letter, I wrote:

This is what happened. After yesterday’s regular session, futures went on an absolute grind up and not only defended 5392 at the 5405 level but took out 5423 and we were already pushing above 5441 prior to the open. After quick opening dip we chopped a bit, back and forth around 5441 but eventually settling on higher running through all the levels above to a high of 5488.32, just past the 5484 targeted listed yesterday. Then we sold much of it off into the close.

See how well the levels work?

Now that we had a decent 1%+ rally, where do we go from here? Where must we now hold to prevent another flush? What targets above will make us feel better about longs?

More in the trade plan below.

The $SPY 0DTE 548 calls ran from a low of $12 to $78 for 550% gain.

I traded these as my second call scalp. Initially I was in 3DTE 546. Honestly if I had entered long just a tad later after some of the volatility died down it would have been a great trade as SPX ran 50+ points up from the morning. All you can do is respect your rules, and those said I had two profitable long scalps, time to call it a day! More in the trade recap below.

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

We defended 5441 multiple times today and never needed to get down to 5423 or below. This was a bullish sign that we could bounce and hold and continue higher. Always trust the levels!

Now we are sitting in AH right above the key 5456 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

Decent bounce today, although erratic and choppy at times.

Quick volume check:

Lower Friday volume but higher than 3 and 4 sessions ago.

Monday is a very light day in terms of news or scheduled events. Pay attention for any worldwide events or political events over the weekend that may impact Sunday/Monday futures.

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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