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In yesterday’s letter, we wrote:

This is what happened. We experienced a bit of both bullish and bearish action. Initially, there was strong defense at 6485, which propelled us to fresh all-time highs at 6532, just shy of the 6535 target. However, we then encountered weakness and lost key supports at 6470 and 6457, prompting a drop to a low of 6443.98, right at the 6445 support level. Fortunately, we were able to defend that level, reclaim 6457 and 6470, run over 40 points higher and ultimately closed just below the 6485 resistance. $SPY ( ▲ 0.57% )  $SPX ( ▲ 0.59% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, after a major move that tested and dipped below key supports only to reclaim them - where do we go from here? Where is next must hold level and what upside targets are in play if we do?

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.

This trading session exemplified the importance of our levels. Despite the initial bullish momentum, the failure to hold key support levels led to a quick reversal. Always stay vigilant on both sides! Always trust the levels.

Now we are sitting in AH right on the key 6481 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.

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.

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 was a monster day with an 88-point range on heavy volume, showcasing the market's volatility.

For Monday, we anticipate a lighter day in terms of scheduled events and reports. However, keep an eye on Wednesday and Thursday for the PPI and CPI releases, as these will be critical data points that could drive the market in the coming 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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