In yesterday's letter, we wrote:

This is what happened. The levels played out perfectly as we quickly dipped and defended the 6054 level after yesterday's close. From there, we surged straight up, easily working through the 6075 level by the open. The momentum carried us even higher, pushing past the 6194 resistance (final resistance level provided yesterday), ultimately reaching a high of 6100.81 before settling at the 6086 level into the close.

See how well the levels work?

Now that we’ve pushed higher, what does tomorrow hold? The significant movement and breakouts indicate a continuing bullish trend, but with lower volume, are we preparing for a pullback?

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.

With the bullish defense of 6054 and the upward movement through several key levels, the market has demonstrated strength. Always trust the levels.

Now we are sitting in AH right below the key 6084 resistance 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

We closed with a nice .6% green candle, albeit on much lower volume—the lowest we have seen since the holiday week.

Tomorrow, we have unemployment data prior to the open, as well as Trump’s speech to the World Economic Forum during the session. These events could introduce some volatility, so stay alert for any potential market reactions.

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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