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In yesterday’s letter, we wrote:

This is what happened. The levels held remarkably well throughout the day. We experienced a dip and defense at 6564 overnight, which set the tone for the regular session. Following that, we saw another dip and defense at 6581. This crucial level allowed us to push higher, reaching our key target of 6596 before pulling back again. No surprise where we ended up on that dip to revisit 6581 again and defend before a bounce higher. $SPY ( ▼ 0.03% )  $SPX ( ▼ 0.05% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with a decent chop day to close out the week - but sitting at all time highs - what critical support and resistance levels will guide our direction on Monday?

More in the trade plan below.

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

The dip & defense at both 6564 overnight and 6581 during the regular session to bring us higher to the 6596 target was key. Always trust the levels.

Now we are sitting in AH right on the key 6578 support level. What does this mean and where do we go from here? Read below for our 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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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.

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Trading Plan

Today presented a lot of movement to go nowhere. Volume was decent which was a bit surprising for a Friday.

As we look ahead, Monday will bring manufacturing data, followed by retail sales on Tuesday morning. These upcoming events could lead to increased volatility, and it’s essential to stay alert to shifts in market sentiment as we transition into next week.

We are receiving some great questions from beginners. This is helping us develop guides for this group as well as the course. More to come but we’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, we’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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