In yesterday’s letter, we wrote:

This is what happened. We were able to defend the 5881 level overnight, leading to a solid run of 30 points. Then we had the short entry on loss of 5905, defense at 5951/5944 and then reclaim of 5870 to run all the way to 5920. $SPY ( ▲ 0.99% )  $SPX ( ▲ 0.96% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve consolidated for yet another day - but on higher volume, where is next target? Where must we hold to prevent major retracement of rally and where must we breakthrough to take another leap higher?

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 defense at 5881, short at loss of 5905 or long on 5870 reclaim were all valid trade entries today. The levels laid out the path! Always trust the levels.

Now we are sitting in AH right on the key 5910 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.

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Trading Plan

Today was characterized by wide-ranging chop on heavier volume, the highest we’ve seen since mid-May. This indicates increased market participation and potential volatility ahead.

Looking forward, we have PMI data releasing just post-open on Monday, alongside two FOMC members and Powell speaking during the session. This could set the stage for further price action, so keep an eye on these events and be prepared for potential market reactions.

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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