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In yesterday’s letter, we wrote:

This is what happened. Early on, we saw a strong move up through 7360, which was pivotal for establishing a bullish sentiment. The low of day was 7369.55, and from there, the market pushed aggressively through 7380 and 7402, reaching a high of day at 7444.2. Then we consolidated around 7402 until a dip into the close. $SPY ( ▲ 0.31% )  $SPX ( ▲ 6.21% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we look ahead, we need to consider whether this defense can be sustained. While today’s bounce was a welcome relief after yesterday’s selloff, how will we react to the upcoming data and speeches? What levels should we keep an eye on Monday?

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 ability to hold above 7360 pointed the way. This led to a push through subsequent resistance levels, crucial for today’s rally. Always trust the levels.

Now we are sitting in after hours right on the key 7377 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’s session saw a solid .3% bounce after yesterday’s sharp selloff.

Looking ahead to Monday, we will have at least three FOMC members speaking throughout the day, along with CPI data scheduled for Tuesday. These events will be critical in shaping market sentiment, and traders should prepare for potential volatility.

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.

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