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In yesterday's letter, we wrote:

This is what happened. The levels played out exceptionally well today. Overnight, we never lost the 6099 level, providing a solid foundation for a bullish run. After a brief dip, we successfully reclaimed the 6118 level, which led to a strong rally that took us all the way through our target of 6143, reaching a high of 6147.43.

See how well the levels work?

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Now that fresh all time highs are on the books, where do we go from here? What key level must hold to prevent a major retracement and what resistance above will point the way for a major breakout?

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 defense above 6099 and reclaim of 6118 after a dip & defense were clear signs pointing higher. From there we ran all the way above the 6143 target. Always trust the levels.

Now we are sitting in AH right below the key 6140 resistance 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.

Trading Plan

Today was highlighted by a nice overnight dip and bounce, setting fresh all-time highs, although it did occur on lower volume.

We are now looking forward to tomorrow, where we have unemployment data scheduled prior to the open, as well as at least four FOMC member speeches throughout the day. These events could introduce volatility, so it's essential to keep an eye on the market reactions to these developments.

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.

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