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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.

In yesterday’s letter, I wrote:

This is what happened. The levels played out tremendously well as we saw precisely the dip and defense at 5962, which coincided with the 5991 level on the ES. After holding that level, the market reversed course and surged all the way up through the 6004 target, ultimately reaching a high of 6012.45, just shy of the next target at 6018.

See how well the levels work?

Now that we’ve reached fresh all-time highs, where do we go from here? What supports must we hold to maintain this upward momentum, and what key levels above should we monitor?

More in the trade plan below.

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

Levels played out tremendously well as overnight we got the dip & defense to 5962 precisely (5991 ES) and then reversed and ran all the way up through 6004 target to 6012.45. Always trust the levels.

Now we are sitting in AH right below the key 5998 resistance level. What does this mean and where do we go from here? Read below for my 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.

Trading Plan

Looking ahead, we had a decent move higher to fresh all-time highs, albeit on lower volume. This suggests a potential lack of conviction in the rally.

Monday is a very light day in terms of data or scheduled reports as it coincides with a bank holiday. We will need to watch how the market reacts to the absence of significant news and the potential for lighter trading behavior.

As always, stay alert and follow your plan as we navigate through potentially turbulent 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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