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- Thursday December 12 2024 SPY SPX ES Actionable Levels
Thursday December 12 2024 SPY SPX ES Actionable Levels
$SPX rallies back to ATH's on CPI. Can $SPY break through?
In yesterday’s letter, we wrote:
For tomorrow, I am closely watching the key SPX levels of 6027, 6045, and 6060.
If 6060 can recover, then 6076 and 6088 are on deck.”
This is what happened. The market opened strong, and we saw an impressive reclaim of the 6060 level, which was crucial for the day's movement. Once we reclaimed 6060, the rally was on, and we surged all the way to a high of 6092.59, surpassing our target of 6088 along the way.
See how well the levels work?
This smart home company grew 200% month-over-month…
No, it’s not Ring or Nest—it’s RYSE, a leader in smart shade automation, and you can invest for just $1.75 per share.
RYSE’s innovative SmartShades have already transformed how people control their window coverings, bringing automation to homes without the need for expensive replacements. With 10 fully granted patents and a game-changing Amazon court judgment protecting their tech, RYSE is building a moat in a market projected to grow 23% annually.
This year alone, RYSE has seen revenue grow by 200% month-over-month and expanded into 127 Best Buy locations, with international markets on the horizon. Plus, with partnerships with major retailers like Home Depot and Lowe’s already in the works, they’re just getting started.
Now is your chance to invest in the company disrupting home automation—before they hit their next phase of explosive growth. But don’t wait; this opportunity won’t last long.
Now that we had this strong CPI reaction back to ATH, where do we go from here? Can we bust through and start a new leg higher or are we rangebound? What levels must we hold if we retest lower first?
More in the trade plan below.
Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.
Levels were incredible. The defense occurred before the open with CPI and we recovered 6060 at the open. This triggered a rally all the way up through the 6088 level to 6092. Always trust the levels.
Now we are sitting in AH right on the key 6079 support level. What does this mean and where do we go from here? Read below for my 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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This Smart Home Company Has Already Hit $10 Million in Revenue—and It’s Just Getting Started
What if your window shades could do more than just block sunlight?
Meet RYSE, the company transforming everyday window shades into smart, automated devices. With over $10 million in total revenue, 10 granted patents, and products already available in 127 Best Buy locations, RYSE is growing at an incredible pace—200% over the last month, to be exact.
And they’re only getting started. With plans to expand internationally and partnerships with major retailers like Home Depot and Lowe’s, RYSE is set to become a household name in the rapidly growing smart home market.
Now, you have the chance to invest for just $1.75 per share and join a company poised for explosive growth.
Trading Plan
We ended the day with a beautiful green candle on the CPI report, supported by decent volume.
Looking ahead, tomorrow brings additional economic data, including PPI and unemployment reports before the market opens, as well as the 30-year auction in the afternoon. Traders should remain vigilant as these events could influence market dynamics significantly.
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.
$10 Million in Revenue, 200% Growth—Meet the Smart Home Company That’s Changing the Game
Smart homes are the future, and RYSE is leading the charge in one category being ignored by the competition. With 10 granted patents and products already earning rave reviews on Amazon and Best Buy, RYSE has achieved over $10 million in total revenue and is grew at an astonishing 200% month-over-month.
RYSE make it easy to automate window coverings, helping homeowners upgrade to smart living in minutes. And with partnerships with major retailers like Home Depot, Lowe’s, and BestBuy, RYSE is rapidly expanding its footprint in a market growing 23% annually.
At just $1.75 per share, you can invest in this game-changing company before their next wave of growth.
For tomorrow, I am closely watching the key SPX levels of…
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