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In yesterday’s letter, we wrote:

This is what happened. The levels played out tremendously well as we had the overnight dip and defense at the 6861 level exact, which allowed us to surge right up to our target resistance at 6888 resistance exact prior to the opening bell. Then, in the regular session, we faced some chop between the 6845 and 6868 levels. Ultimately, we lost the 6845 support, leading to a drop down to the downside target at 6816 (low of day 6814.26) before we saw a bounce and then another drop before the close. $SPY ( ▲ 0.33% )  $SPX ( ▲ 0.26% )  $ES_F ( 0.0% )  

See how well the levels work?

Pelosi Made 178% While Your 401(k) Crashed

Nancy Pelosi: Up 178% on TEM options
Marjorie Taylor Greene: Up 134% on PLTR
Cleo Fields: Up 138% on IREN

Meanwhile, retail investors got crushed on CNBC's "expert" picks.

The uncomfortable truth: Politicians don't just make laws. They make fortunes.

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Then their AI factors those Congress trades into the AI stock ratings on the AltIndex app.

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_{Past performance does not guarantee future results. Investing involves risk including possible loss of principal.}

Now, after this day of trading, we must consider how to navigate the potential volatility ahead. Where must we hold and how far could we drop if we don’t?

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 dip & defense at 6861 overnight and the loss of 6845 were key signals for entries using the trade plan. Always trust the levels.

Now we are sitting in AH right on the key 6842 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.

Crash Expert: “This Looks Like 1929” → 70,000 Hedging Here

Mark Spitznagel, who made $1B in a single day during the 2015 flash crash, warns markets are mimicking 1929. Yeah, just another oracle spouting gloom and doom, right?

Vanguard and Goldman Sachs forecast just 5% and 3% annual S&P returns respectively for the next decade (2024-2034).

Bonds? Not much better.

Enough warning signals—what’s something investors can actually do to diversify this week?

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_{*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.}

Trading Plan

Today was a quarter point gain despite closing well off the high of day.

Looking ahead to Monday, we have PMI data scheduled for release along with at least two FOMC members speaking throughout the session. These events could significantly impact market dynamics, so it’s crucial to remain alert and ready to adapt our strategies as necessary.

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 can not 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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