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In yesterday’s letter, we wrote:

This is what happened. We had a challenging session today where we could not reclaim the critical level of 5946, reaching a high of 5929. Unfortunately, after that, we faced a rejection and fell below the key support of 5886. This sell trigger led us down to a low of 5868. It’s noteworthy that this move aligned closely with our downside target of 5872. After reaching that low, the market chopped for the remainder of the day, failing to reclaim 5886 into the close.

See how well the levels work?

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Now, with today's price action, we need to analyze where we go from here. The rejection at the lows of current range raises questions about the strength of buyers in the market. What levels do we need to hold to prevent further downside, and where could a potential bounce signal a shift?

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 great. Once we had the rejection of 5886 the sell was on down below the first downside target of 5872. Always trust the levels.

Now we are sitting in AH right on the key 5885 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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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

On the daily, we observed a lower volume red candle with a bounce and rejection right at the bottom of our current range. This suggests some indecision in the market.

For Thursday, we have unemployment data along with PMI in the AM, which could serve as a catalyst for movement. Be on the lookout for any market-moving news over the holiday as we navigate through these key levels.

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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