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In yesterday’s letter, we wrote:

This is what happened. Today’s trading was guided by our carefully identified levels. The defense of the 6960 SPX support overnight proved crucial, allowing us to hold a tight range below the 6975 resistance. This setup led to a strong post-open session where we swiftly moved through the 6991 level and ultimately broke through 7005, marking fresh all-time highs with a high of day reaching 7026.24, just shy of our 7028 upside target. $SPY ( ▲ 0.81% )  $SPX ( ▲ 0.8% )  $ES_F ( ▲ 0.75% )  

See how well the levels work?

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Now, as we celebrate these new highs, the question arises: can we continue this momentum? What key supports must we maintain to ensure bullish continuation, and what potential resistances should we be mindful of in the coming days?

More in the trade plan below.

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

The 6960 defense overnight along with the continuation through 6991 and 7005 to just below our 7028 upside target are prime examples of the levels pointing the way. Always trust the levels.

Now we are sitting in after hours right on the key 7020 support level. What does this mean and where do we go from here? Read below for our 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.

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Trading Plan

Today’s impressive .8% move higher on average volume indicates strong buying interest and participants are unafraid.

Looking ahead, tomorrow brings key unemployment data in the morning, followed by speeches from at least two FOMC members and day 4 of the IMF meetings. It’s also wise to keep an eye on any developments regarding the situation in Iran and blockade, as these can impact market sentiment significantly.

We are receiving some great questions from beginners. This is helping us develop guides for this group as well as the course. More to come but we’ve created a separate channel in the discord just so you don’t have to be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, we’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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