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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 perfectly as we successfully reclaimed both 5823 and 5837. This led to a robust move higher, ultimately reaching a high of 5862.82, just shy of the 5863 resistance I mentioned yesterday. However, by the end of the session, we sold off significantly, closing just 12 cents above the 5808 support level.

See how well the levels work?

Now, after a solid move up only to sell it all back and more, where do we go from here? Are we setting up for another attempt or facing potential downside?

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 reclaim of 5837 was key and we indeed had that large move to 5863 on the nose before then selling it all back off, defending initially at 5837 and then failing to 5808-also right on the nose. Always trust the levels.

Now we are sitting in AH right above the key 5801 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

Despite the earlier bullish movement, we ended the day red, showing some signs of exhaustion after the nice rally on volume. We also ended flat/red into the close, hovering near the low of the day.

Looking ahead, Monday is shaping up to be relatively quiet with little to no scheduled events or data releases. However, with just barely a week left before the US elections, it's crucial to keep an eye on any political developments or news from overseas that could impact the market.

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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