In Wednesday’s letter, we wrote:

This is what happened. The levels played out phenomenally as we got the breakout above 6239 with the market opening at 6246. We then saw a powerful push higher that took us all the way past the 6277 target and into fresh all-time highs at 6284. $SPY ( ▲ 0.28% )  $SPX ( ▲ 0.27% )  $ES_F ( 0.0% )  

See how well the levels work?

The bullish momentum was palpable, and those who followed the plan reaped the rewards of this upward move.

Now, with this strong push to all time highs behind us, what is next catalyst and target above? What level must hold to keep continued push higher alive?

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.

It's a great reminder of how well the key levels can guide our trading decisions. The 6239 breakout was critical in getting the correct direction early. We monitored the breakout closely, which allowed for excellent entry points for those looking to capitalize on the bullish trend. The climb past the 6277 target was on point. Always trust the levels.

Now we are sitting in AH right on the key 6237 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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Trading Plan

Thursday's trading session featured a massive move higher, albeit on lower holiday volume.

As we head into Monday, we have a lighter schedule in terms of events or data releases, with just a continuation of the BRICS summit expected. It will be interesting to see if we can maintain this momentum or if we experience any pullbacks in the days to come.

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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