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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. We opened with an overnight dip to 5732 in the ES futures, which corresponds to 5699 in SPX—exactly as anticipated—before turning around and rallying all the way to a high of 5772.52. The levels played out fantastically well, as we reclaimed the 5737 level decisively, allowing for a strong long entry.

This is a clear example of how well our levels work!

Now that we have rallied but lost much of the gains throughout the session, where do we go from here? What supports will we look to hold, and what targets above will keep the bullish momentum alive?

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.

The defense at precisely 5699 and reclaim of 5737 were key to take us all the way to 5772. Always trust the levels.

Now we are sitting in AH right above the key 5729 support 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

Today’s rally was significant, but we did see the loss of much of that momentum by the close. Volume was less than yesterday but still very high for a Friday, indicating strong participation.

Looking ahead to Monday, we have a very light day for data or scheduled speeches. However, with the election coming up on Tuesday, I recommend keeping an eye on any election-related news or developments in the Middle East over the weekend that could impact the markets. Overall, a cautious approach is warranted as we navigate through potentially volatile conditions.

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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