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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 didn’t even get down to the 5068 “even better if we don’t test” level. This led to a rally on employment data prior to the open all the way up to the 5125 target above. Then after the open we spiked to 5136 and then sold off all the way down to 5103. We reversed right at 5103 and then melted higher, all the way to 5134.62.

See how well the levels work?

Now that we’ve continued the move higher and worked our way to the top of the current range, how much more gas is left? What are the must hold levels now to continue this move up and prevent a deeper sell?

More in the trade plan below.

The /ES ran from a low of $5126.75 to $5162.25 is a 35.5 point gain.

I traded /ES twice on the long side. Once from the 5103 SPX reversal and again from a defense of 5119. 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 amazing. We never tested the key levels below and it pointed to a move higher. The first move played out on data, the second played out after a retracement in the regular session. Always trust the levels!

Now we are sitting in AH right above the key 5133 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

A higher low and higher high. Now testing the top of this range.

Quick volume check:

Decent Friday volume on data and move today.

Monday is light in terms of data but we do have two FOMC member speeches during the regular 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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