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In yesterday’s letter, we wrote:

This is what happened. Overnight, we defended the critical 6925 level, which allowed for a brief 20 point rally. However, as the regular session unfolded, we struggled to maintain this critical support. The inability to hold 6925 led to a drop through the next support levels of 6913 and 6896, nearly reaching our downside target of 6878. Fortunately, we found support there and managed to bounce back, ultimately closing (where else?) right at the 6925 mark, indicating a battle to maintain this key level. $SPY ( ▼ 0.49% )  $SPX ( ▼ 0.53% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we reflect on today’s trading, what levels should we focus on reclaiming, and where are the potential supports below?

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 initial defense of 6925 overnight was critical and a great long entry - but as we failed to hold it in the regular session, it provided a clear signal for a short opportunity. Always trust the levels.

Now we are sitting in AH right on the key 6919 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.

Trading Plan

Today’s market experienced a .5% decline on strong volume, suggesting increased selling pressure.

Looking ahead to tomorrow, we have key unemployment data set to be released prior to the market open, along with at least four FOMC members scheduled to speak throughout the trading day. This could lead to significant volatility, so it’s vital to stay alert and responsive to these developments.

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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