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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.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson tonight!

What we’re reading:

This is a repost of Thursday’s letter for Monday.

In yesterday’s letter, I wrote:

This is what happened. We didn’t need to retest 5233 overnight or in the regular session. We kept rejecting the breakout level of 5254 until the very end of the day when we tried the breakout and hit a high of 5264.85 and then rejected to close precisely at the 5254 breakout level.

See how well the levels work?

Now that we chopped, tried the breakout once and then fell back in line, where do we head from here? What is in store for next week and what key levels point the way?

More in the trade plan below.

The $SPX 0DTE 5285 calls ran from a low of $10 to $90 = 800% gain.

I traded these as called out in the chat from entries at $50 and $30-$35 to $60 unfortunately right after this big spike. Was hoping for continuation that just wasn’t there. More in the trade recap below.

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

Levels from the prior letter were fine. Today was a post-move chop day where we didn’t do much until the blast up end of day that we couldn’t hold. Always trust the levels!

Now we are sitting in AH right on the key 5245 support level. What does this all 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

Here is a current check of the daily:

This includes all the way back to 6/29 & all overnight action.

Chopping at the highs of this range.

Quick volume check:

Higher volume than the prior 3 sessions before yesterday. Lower than yesterday’s volume on the flat/chop slight red day. No concerns yet.

Monday we have a fairly light day in terms of reports and scheduled events, just manufacturing PMI during the session.

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.

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