Monday Sept 25 2023 SPY SPX ES Actionable Levels

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In yesterday’s letter, I wrote:

This is where we went before breaking down end of day. We held 4344 after a reclaim and hit a high of 4357.4 on $SPX. Then we came down and tested the other key levels discussed below and ended up closing right there.

See how well the levels work?

Now that we couldn’t hold the bounce, where are we headed next week? Which key levels will tell us the path ahead?

More in the trade plan below.

The 0DTE $SPY 434 calls ran from a low of $29 to $78 = 169% gain.

I took this trade twice. First entry was $62 for a slight profit and second entry was from $50 to $70 for 40%. I detailed the rest of my trades in the trade recap below. My first trade was trying the short but I did this too early in the day! It ended up a wash overall. This was a rare 3 trade day for me. All of these were called out in the chat and I detailed them in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels from this last night were fantastic. We got the slight bounce as written in the prior day’s plan and when that couldn’t hold we got continuation of the dip. Always trust the levels!

Now we are sitting in AH right on the 4326 key support level. What does this all 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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