In yesterday’s letter, we wrote:

This is what happened. Our key levels played out perfectly, with a dip and defense occurring at the crucial 6620/6604support overnight. Following this and the White House news on Iran, the market squeezed through all the upper resistance targets including 6716 & 6746 ultimately reaching a high of 6793.5. $SPY ( ▲ 0.79% )  $SPX ( ▲ 0.8% )  $ES_F ( ▲ 0.16% )  

See how well the levels work?

Now, with such a strong rally behind us, the question remains: where do we go from here? Can we maintain this momentum, or are we due for a pullback?

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 successful defense of 6604 provided an ideal long entry overnight. The market’s ability to push through the 6634 & 6648 opened the door for even higher targets, leading to a run all the way to 6793. Always trust the levels.

Now we are sitting in after hours right on the key 6779 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.

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Trading Plan

Today’s market showed remarkable strength as we witnessed a significant 2.5% move higher, driven by strong volume and positive developments regarding the White House and Iran.

As we look ahead to tomorrow, we have key PCE and GDP data scheduled for release prior to the open, alongside a 30-year bond auction in the afternoon. Additionally, geopolitical developments in the Middle East could continue to influence market dynamics, so staying alert is crucial. Keep watching these events closely as they may shape the market’s direction.

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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