In yesterday’s letter, we wrote:

This is what happened. The market swiftly lost the critical 7570 support right after the open, triggering a cascade of selling that took us through 7557, 7535, and finally down to a low of 7499.4. This level served as pivotal support, allowing for a bounce and subsequent consolidation into the close. $SPY ( ▼ 0.36% ) $SPX ( ▼ 3.27% ) $ES_F ( 0.0% )

See how well the levels work?

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Now, as we reflect on today’s sharp move down, the question arises: where do we go from here? What level must we reclaim to feel bullish again, and where is the next area of support if we break lower?

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 7570 was important and led to a massive downside move. Always trust the levels.

Now we are sitting in after hours right on the key 7539 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.

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!

Today’s downside move of .4% was significant but showed resilience as we managed to recover much of the earlier losses.

Looking ahead to Monday, we have a key speech from Fed Chair Warsh, along with Cleveland Fed inflation expectations data being released. These events could shape market sentiment and lead to further volatility, making it essential for us to remain alert and prepared for any shifts.

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 don’t have to 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.