In yesterday's letter, we wrote:

This is what happened. The levels we set out played out exceptionally well today. After a strong overnight hold above the 6920 SPX level, we saw a run to our 6953 target, followed by a solid push up to the high of day at 6965.69, which hit our 6964 target perfectly. However, after reaching this peak, we encountered selling pressure that resulted in a loss of the critical supports at 6953 and 6942, triggering a drop down to 6919.19, right at our 6920 support level. $SPY ( ▼ 0.01% )  $SPX ( ▲ 0.01% )  $ES_F ( 0.0% )  

See how well the levels work?

Investors see ANOTHER return on Masterworks (!!!)

That’s 3 sales this quarter. 26 sales total. 

And the performance?

14.6%, 17.6%, and 17.8% → The three most representative annualized net returns.
(See all 26 at Masterworks.com)

Masterworks is the biggest platform for investing in an asset class that hasn’t moved in lockstep with the S&P 500 since ‘95.

In fact, the market segment they target outpaced the S&P overall in that time frame.*

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• $2.3mm+ average offering size

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_{*Masterworks data. Investing involves risk. Past performance not indicative of future returns. Reg A disclosures at masterworks.com/cd}

As we move forward, we need to assess the market’s strength after this pullback. The question now is whether we can reclaim those lost levels or if we’ll see further downside. What levels must we reclaim to regain confidence for longs, and where could we find additional support 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.

Both the hold of 6920 overnight as well as the push up through 6953 to the 6964 target EXACT and then the loss of key supports and drop to 6920 EXACT are prime examples of how the resistances and supports guide the day. Always trust the levels.

Now we are sitting in AH right on the key 6914 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.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

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 move was a good bounce into fresh all-time high territory, followed by a slight consolidation before a .3% drop on decent volume.

Looking ahead to tomorrow, we have key unemployment data set to be released before the market opens. Additionally, it’s crucial to stay alert and monitor any overseas news from the administration, as this could impact market sentiment and volatility.

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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