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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:

We didn’t quite get the dip I wanted or needed, but the rest happened. Levels played out remarkably well , despite the choppy session. After the close on Thursday (yesterday), we never needed to retest the 5839 SPX level and continued to push higher overnight. Then opening today strong and despite some chop continued pushing higher. We sliced through the resistance levels, moving up through 5855, 5866, all the way to a high of 5872.17, exceeding the level I provided last night by only 17 cents.

See how well the levels work?

Now that we have made this significant upward move, what’s next? Will we consolidate here, or are we set for another push higher? What supports below will guide us, and how might upcoming FOMC events play into market sentiment?

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 levels were great as you could have taken the move up without any retest lower in futures. I waited in the AM for a dip to 5839 but couldn’t get it. The resistance at 5872 was a key level that hit and retreated. Always trust the levels.

Now we are sitting in AH right on the key 5863 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.

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Trading Plan

The daily candle reflects a solid move up after defending key levels yesterday, even with lower volume.

For Monday, we have four different FOMC members speaking at various points before, during, and after the session. This could add to the volatility, so remain vigilant and prepared for any potential market reactions.

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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