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 didn't need to test lower levels as anticipated; instead, we effectively defended the 5598 level and ran higher. The market showed strength and never really tested the key supports I was watching. I kept waiting for a better long entry, particularly after the last two sessions, but it simply didn’t materialize. The high of the day came in at 5636.27, just above the 5634 target and resistance levels mentioned earlier.

See how well the levels work?

With the market in a strong uptrend, I chose not to short strength, as there wasn't a solid edge to take. It seems like traders are still optimistic, and the lack of major retests has kept the momentum bullish.

No trades were executed today as there was no clear edge in the market. I remained on the sidelines, waiting for a more favorable setup that never came to fruition.

As we move forward, I’ll keep an eye on the levels mentioned earlier and adapt my strategy accordingly based on market reactions and economic indicators.

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.

We didn't need to test lower, defended the 5598 and just ran. I kept waiting for a better long entry but it didn't happen last two sessions. Always trust the levels!

Now we are sitting in AH right above the key 5621 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

Overall, we are firmly back in the range from mid to late August. The volume remains decent, indicating continued interest in the market.

Looking ahead to Monday, there isn’t much on the calendar except for the Empire State Manufacturing Index prior to the market open, which could provide some direction or volatility.

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.

Subscribe to Premium to read the rest.