In yesterday’s letter, we wrote:

This is what happened. Today’s market was largely dictated by the loss of the critical 6891 SPX level overnight, which initiated a sharp decline down to 6836 which defended and triggered brief bounce to 6852 level. During the regular session, we faced another drop that tested the 6836 level again - defending and rallying back even further. Ultimately though, we could not break past the 6879 resistance, closing the day near the high of the session. $SPY ( ▼ 0.48% )  $SPX ( ▼ 0.43% )  $ES_F ( 0.0% )  

See how well the levels work?

Now, with critical support levels breached, where do we go from here? What levels should we be watching for potential reversals, and where are we looking for additional support?

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 loss of 6891 was another crucial turning point and key entry. Always trust the levels.

Now we are sitting in after hours right on the key 6865 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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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’s .4% drop came on decent volume, particularly for a Friday.

As we look ahead to Monday, the schedule is lighter, with only Manufacturing PMI data on the docket. However, keep an ear out for any weekend news from the administration concerning Iran or tariffs, as these could impact market sentiment going into the new 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 can not 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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