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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In yesterday’s letter, I wrote:

This is what happened. Overnight we got close to the 5211 must hold SPX level and defended, running all the way up past 5248.

Then after the opening bounce we continued falling, first losing VWAP on ES and then finally failing 5211 for a quick poke down to 5191 before rallying back to 5211, reclaiming, then tackling VWAP. Once VWAP reclaimed we blasted, running all the way to reclaim 5248 and higher. In the final 20 minutes we flew all the way up to a high of 5280, just above the 5275 target.

See how well the levels work?

Now that we have dipped and defended and are back into a new range, how much more gas is left in the tank? How will we know the bottom is in and what does volume and the key levels from prior weeks tell us?

More in the trade plan below.

The $SPY 4DTE 528 calls ran from a low of $9 to $200 = 2,122% gain.

I still had some runners from my $109 entry yesterday and I exited some in the morning in the $80’s for a loss but was able to de-risk on the morning data pop. I then held onto the remainder as risk free runners. My lean was that we would not lose the 5211 key level, which ended up being wrong. We had a quick spike down but then reclaimed and I thought given these were longer dated and risk free I would let it play out. These reclaimed VWAP and blasted.

Squeeze indeed. These instantly jumped to $100 then $200. 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.

Levels from the prior letter were incredible. First it was all about that 5248 level that couldn’t hold in premarket. Then the loss of 5211 was the bull/bear line. Once we reclaimed 5211 it was clear we had some room to run. Taking out 5248 again was another tell that we could blast. Always trust the levels!

Now we are sitting in AH right above the 5286 key 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.

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.

Trading Plan

Here is a current check of the daily:

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

Dip, defense and back into prior range. Bulls currently have the ball again after a week of bears in control.

Quick volume check:

Big volume day on a Friday. This is the volume you want to see to feel confident in the move that was made.

Monday we have manufacturing PMI in the AM.

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.

Subscribe to Premium to read the rest.