In partnership with

In yesterday’s letter, I wrote:

This is what happened. The levels played out beautifully today. Overnight, we lost the critical 5929 level and hit the 5905 level before the market open. After a brief bounce, we fell all the way down to a low of 5853, which was notably below the 5861 key level. However, we were able to reclaim and then defend with a bounce precisely at the 5861 level into the close at 5870.

See how well the levels work?

Mode Mobile saw 32,481% revenue growth over 3 years with this $martphone innovation 👀

⏰ We spend over 30 hours a week on smartphones. Mode monetizes this usage, turning phones into potential income generators. It mirrors what Uber and Airbnb did with cars and homes — and it’s also a $1 trillion market opportunity.

🫴 Mode’s Pre-IPO offering¹ is live at $0.25/share — lock in up to 100% bonus shares² while the raise lasts.³

Claim this exclusive bonus while you can!

¹ Mode Mobile currently has no formal plans for an IPO.
² A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.
³ Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.

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.

Now, as we look ahead, what can we expect from here? The significant drop we saw today raises questions about whether we will continue to consolidate lower or if buyers will step in to reclaim higher post-election levels.

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.

Levels couldn’t have been any better, see above. Once we lost 5929 it was a sell off of 76 points. Always trust the levels.

Now we are sitting in AH right above the key 5872 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

This sell-off was accompanied by very high volume, reminiscent of the post-election activity we’ve seen in the past.

For Monday, we have the first day of G20 meetings, along with at least one FOMC member speaking during the trading session. Traders will want to keep an eye on any updates or discussions that could impact market sentiment.

Make sure to stay vigilant as we navigate this market 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.