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In yesterday’s letter, we wrote:

This is what happened. Today marked an impressive continuation of the bullish trend, with key levels performing exceptionally well. We opened at 6823 and maintained that critical support level throughout the day, which allowed us to build momentum. Following multiple defenses of this level, we rocketed higher, successfully backtesting key resistance levels and pushing through to the target of 6899, reaching a high of day at 6900. $SPY ( ▲ 0.66% )  $SPX ( ▲ 0.67% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we approach fresh all-time highs, the question arises: can we maintain this momentum? What levels will we need to watch to gauge the sustainability of this rally going forward?

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 strong defense of 6823 and subsequent rally directly to key resistance at 6899, demonstrates the importance of our levels. Always trust the levels.

Now we are sitting in AH right on the key 6884 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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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 move higher was supported by better volume, indicating strong buying interest as we approach new highs.

Looking ahead to tomorrow, we have key unemployment data scheduled for release before the open, along with a 30-year bond auction in the afternoon. These events could influence market dynamics, and it will be important to remain alert and ready to respond as we head into what may be a pivotal trading session.

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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