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In yesterday's letter, we wrote:

This is what happened. Today’s session opened with a dip and defense right at 5843, aligning perfectly with our strategy. We tested 5842.78 precisely before making a move up to 5903. However, we couldn’t reclaim the 5900 level immediately, which kept the squeeze on hold until later in the day. After dipping below this level again and defending 5843 one more time, we rallied hard, ultimately reclaiming 5900 and squeezing all the way back to a high of 5959. We closed right at our upside target of 5956.

See how well the levels work?

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Now that we’ve seen this significant bounce, how do we proceed from here? Are buyers free and clear? What levels will guide us, and what can we expect in terms of volatility?

More in the trade plan below.

First a word from one of our members & some highlights from today’s call outs:

Below, we’ll cover the actionable levels, how we played them today and what they mean for the next session.

The defense twice at 5843 were critical signals that we were heading higher and after we finally busted through 5900 we were able to squeeze all the way up to the 5956 target resistance. Always trust the levels.

Now we are sitting in AH right on the key 5945 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 massive 1.5% bounce back day on very high volume, marking the second highest of the year. This suggests strong buying interest, but we must remain cautious as sellers are still lingering, ready to take control if the market shows signs of weakness.

Looking ahead to Monday, we have manufacturing PMI and construction spending data scheduled prior to the open. Keep an eye out for any news from overseas or from the administration this weekend that could potentially impact market dynamics. As always, patience and discipline are key as we navigate these volatile waters.

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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