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In yesterday’s letter, we wrote:

This is what happened. Overnight had the most bullish of all scenarios as we kept dipping and holding the 6439 level-which set the stage for a rally. We managed to break through the 6463 resistance level, reaching a high of 6480.28 before facing a rejection and consolidating through the day. The earlier guidance served well as we saw a dip and defense at 6451, which then led to a slow grind back up to 6466 and reclaim of the 6463 resistance into the close. $SPY ( ▲ 0.34% )  $SPX ( ▲ 0.32% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we punched into uncharted ATH territory and consolidated today off the highs-where do we go from here? Where must we hold to prevent a major pullback and what is next target above?

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 6439 support held firm and the 6451 proved profitable as long entry during the regular session. Always trust the levels.

Now we are sitting in AH right on the key 6457 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 turned out to be a 0.3% rally day, albeit on lower volume.

Tomorrow we have PPI and unemployment data releases prior to the open, along with at least two FOMC members speaking throughout the day. These events may create additional volatility, so it's essential to keep an eye on how the market reacts to these economic indicators and statements.

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 can not 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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