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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

In yesterday’s letter, I wrote:

This is what happened. Believe it or not, and I’m honestly starting to have a hard time believing it. We have decided to not retest lower levels first before breaking out higher. We never needed to retest 5570 and we rallied all the way through 5614, took a breather and then rallied to a high of 5635.39 just below the 5637 target.

See how well the levels work?

Now that we have yet again broken out higher, what will CPI bring and what does volume tell us about this move?

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.

What a beautiful move higher. Surprising, perhaps, but beautiful. The levels clearly were in play. As crazy as it seems sometimes, continue to trust the levels!

Now we are sitting in AH right above the 5626 key 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.

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.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

Another day, another breakout.

Quick volume check:

The weak volume continues - only slightly better than yesterday. Still less than Friday 7/5. On a 60 point move I would expect double the volume.

Tomorrow we have CPI prior to the open and unemployment. Then we have a couple FOMC member speeches and 30 year bond auction.

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.

Subscribe to Premium to read the rest.