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In yesterday's letter, we wrote:

This is what happened. The levels we discussed played out perfectly today, showcasing one of those massive range days where traders had the opportunity to profit from both sides. Initially, we rejected 5745, just as anticipated, and then, after a failure at 5718, the sell-off was triggered, leading us much deeper to 5668. However, the market did not stay down for long. We managed to reclaim both 5718 and 5745, which allowed for a strong squeeze up towards 5780, closing near the highs of the day.

See how well the levels work?

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Now that we had this massive dip below the critical levels and reclaim to end up 1/2% Is the bottom in? Where must we reclaim now to at least have a decent relief bounce? What levels must hold to prevent a complete calamity?

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.

Levels played out great, the failure at 5745 was the short trigger. 5718 couldn’t hold so that led further downside targets listed. Once we reclaimed 5718 and 5745 the long was back on to blast us to 5780. Always trust the levels.

Now we are sitting in AH right on the key 5763 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.

Trading Plan

Today resulted in a massive 118-point range on high volume!

Moving forward, we have a very quiet Monday ahead, with no scheduled events or releases.

However, the week ramps up with significant reports: Tuesday brings the Jolts report, Wednesday will see CPI data, and Thursday features PPI, followed by consumer sentiment and inflation expectations on Friday. Keep an eye on these events as they could impact market movement throughout the week.

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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