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In yesterday’s letter, we wrote:

This is what happened. We saw the levels play out perfectly as we dipped below 6466 overnight, testing the 6456 level which held strong. We reclaimed 6466 during the regular session, and after that, it was smooth sailing through 6474 and right up to 6486, where we made fresh all-time highs for the SPX before cooling into the close. $SPY ( ▲ 0.23% )  $SPX ( ▲ 0.24% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we reclaimed key support and ran directly to 6486 target where do we go from here? How does this dip & defense in after hours on NVDA 0.00%↑ earnings factor in?

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.

Levels were great as we had the reclaim of 6466 initiate the run all the way to key 6486 SPX target. Always trust the levels.

Now we are sitting in AH right on the key 6468 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 we enjoyed a solid .25% move higher on decent volume.

Looking ahead to tomorrow, we’ll have GDP and unemployment data released prior to the open, followed by home sales data during the regular session. We’ll also have an FOMC member speaking after the close, which could bring additional volatility to the market. It will be vital to keep an eye on these events as they may impact trading decisions and market sentiment throughout the day.

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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