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First Few Lessons Already Launched - Order Now

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

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

In yesterday’s letter, I wrote:

This is what happened. Overnight we were able to hold 5150 even with a failed breakdown. Then we blasted out of the 5159 level from the open all the way through the must reclaim level of 5197 to a high of 5222 above the 5213 first target. Then we sold off, defended 5197 again to close 5204.

See how well the levels work?

Now that we have rallied back and reclaimed the critical level, what is on deck for next week? Are bulls out of the woods and what are the critical must hold levels now?

More in the trade plan below.

The $SPY 3DTE 517 calls ran from a low of $123 to $429 = 249% gain.

I traded these as called out in the chat with a scalp from $188 to $212. This was it. This was all for me. I so wish I had held onto runners longer and/or reentered given that I had the lean right and they ran above 4.00. But it is what it is. Consistent, profitable, done with the week. 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 incredible. The reclaim of 5159 and then 5197 led the way higher, then we got some afternoon chop and held onto the key level into the close. Always trust the levels!

Now we are sitting in AH right above the key 5201 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.

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Trading Plan

Here is a current check of the daily:

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

We rallied back into the very lows of the new range.

Quick volume check:

We had almost precisely the same volume as yesterday’s sell.

Monday we have a light day in terms of speeches, scheduled data releases.

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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