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In yesterday’s letter, we wrote:

TThis is what happened. The bulls took charge right from the start of futures opening yesterday after the close. We broke above the key resistance at 5310 and were off to the races. We saw a strong continuation in regular session that propelled us all the way up to the target of 5464, (high of day 5469.69) a significant milestone. Then, later in the regular session, we consolidated around these levels while still managing to hold on to an impressive 1.7% gain. $SPY ( ▲ 0.04% )  $SPX ( ▲ 0.15% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve hit 5464 and are experiencing some consolidation, where do we go from here? What supports must hold to prevent a pullback, and what targets above should we aim for?

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 levels were incredible today - the after hours breakout yesterday as well as consolidating neatly between our key levels today painted a clean picture all the way to the 5464 level. Always trust the levels.

Now we are sitting in AH right on the key 5366 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.

Trading Plan

Today, we witnessed a solid 1.7% gain on increased volume compared to the prior seven sessions, indicating strong participation in the rally.

For tomorrow, we have unemployment data before the market opens and home sales data scheduled afterward. Additionally, Kashkari will be speaking after the close, which could bring further volatility.

As always, let’s keep an eye on those key levels and remain vigilant for any signs of reversal. The bulls need to keep the momentum strong to push through the next resistance points.

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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