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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 the day strong but quickly struggled to hold the 5739 level in the morning, which led to a sharp sell-off of about 40 points. I traded short on the rejection at the breakout of 5739, and this strategy worked well as I was able to stop out for profit when we reached the lows of the 30s. We eventually ran down to a low of 5702.83, just above the critical 5700 SPX level before defending and rallying all the way up to 5751 into the close, right at the 5751 upside target written yesterday above.

See how well the levels work?

Now that we ran, dipped, defended and broke out into the close, where do we go from here? What key levels must we hold for rally continuation? What is next major upside target if we don’t retest lower first?

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 played out great as we defended the 5702 level and managed to recover, closing above the 5751 target by the end of the session. Always trust the levels.

Now we are sitting in AH right on the key 5748 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

Now that we’ve experienced a big move up with volume roughly equal to yesterday, where do we go from here? The upcoming week looks lighter in terms of scheduled reports, but we have three separate FOMC member speeches, including two during the regular session on Monday. Additionally, keep an eye on any US election and Middle East developments over the weekend that could impact market sentiment.

As we head into Monday, it's essential to remain cautious but also be ready to capitalize on any opportunities that present themselves as we navigate through this volatile market environment.

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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