In partnership with

This is a repost of Wednesday’s letter for Friday.

In yesterday's letter, we wrote:

This is what happened. We had a bit of all of these happen throughout the overnight and regular session. Overnight, we had a dip & defense at the critical 5910 level, and initially, we saw a bullish response with a brief run up of about 20 points. However, around three hours prior to the open, we lost that level and more.

Throughout the day, we chopped around the essential 5895 level multiple times; despite defending it, we couldn't manage to break through the resistance at 5931, ultimately hitting a high of 5927.89. Overall, it was a very choppy but volatile day, with significant movement that led us to go nowhere overall.

See how well the levels work?

Savvy Investors Know Where to Get Their News—Do You?

Here’s the truth: Most financial media focuses on clicks, not clarity. The Daily Upside, created by Wall Street insiders, delivers valuable insights—free. Join 1M+ readers and subscribe today!

Join 1M+ readers and subscribe today!

Now, with the market closed tomorrow, what does this do for our outlook? Do we expect continued volatility as FOMC members speak, or will we see a more stable reaction as we approach the employment data and consumer sentiment reports on Friday?

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 were good but we really couldn’t get any traction on either side. It was above and below 5895 until we finally had the defense but couldn’t break through the next key resistance level. Always trust the levels.

Now we are sitting in AH right on the key 5912 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.

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.

Trading Plan

The day ended with a wide-range doji candle on high volume, indicating indecision in the market. With the upcoming events and data releases, we are poised for potential movement when the markets reopen.

Make sure to keep an eye on any comments from the FOMC members, as they could influence market sentiment ahead of Friday's employment data.

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.