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In yesterday’s letter, we wrote:

This is what happened. Overnight, we initially dipped and defended the key 5644 level multiple times. However, we lost this critical support just before the open, leading to a drop of 47 /es points. This trade would have only been good for futures. This brought up the low of the day at 5603 early in the regular session, right at the 5604 key level. From there, the session turned into a choppy ride. It took most of the day to reclaim the key 5644 level, with multiple attempts and various dips and defenses around it. However, late in the session, it became clear that buyers wanted to end the day above this critical threshold with a late day run of 22 points to hit a high of 5670.

See how well the levels work?

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Now that we’ve reclaimed 5644, what does that mean for the coming sessions? Will we see a continuation higher, or is there potential for further volatility?

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 with the low of the day pivot right at the 5604 target and the bear/bull line of 5644 giving way to several trades. Always trust the levels.

Now we are sitting in AH right under the key 5675 resistance 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 formed a massive range candle, yet we ended flat on lighter volume. This suggests some indecision in the market, but it’s crucial to see how this plays out.

Monday, we have PMI data and at least two FOMC members speaking during the regular session, which could add to the volatility. Keep an eye out for any potential market reactions as these events unfold.

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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