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In yesterday’s letter, we wrote:

This is what happened. While the overnight session saw the bulk of the action, today’s regular session was marked by consolidation following a significant upward movement. First, the push through the 7447 level occurred after yesterday’s close, leading to an overnight rally that took us through 7460, 7472, and 7484 successfully. We then played in this zone in the regular session and tried unsuccessfully to break through the critical 7515 level (high of day at 7511.07).  $SPY ( ▲ 1.04% )  $SPX ( ▲ 1.08% )  $ES_F ( 0.0% )  

See how well the levels work?

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See the Plays

Now, as we look forward - what does the post rally consolidation imply? Will we see a breakout or a pullback? Where do we need to hold to maintain this momentum?

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 of 7429 and push through 7447 were the key signals we were heading higher. Always trust the levels.

Now we are sitting in after hours right on the key 7506 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.

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

Today was a remarkable 1+% move higher, accompanied by good volume, indicating strong buying interest.

Looking ahead to Monday, we have a relatively lighter day on the calendar regarding scheduled reports or speeches. However, given the long bank holiday weekend, it’s wise to stay alert for any surprises that could come from the administration or global events. This could impact market dynamics as we head into next week.

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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