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In yesterday’s letter, we wrote:

This is what happened. As anticipated, we saw a quick dip and defense right at the 7460 support level, which set off a powerful rally. This move propelled the SPX through 7480, 7490, 7512, and nearly touched 7530, with a high of day reaching 7521.81. However, despite this strong upward movement, we ultimately gave back most of those gains, yet we managed to hold above the critical 7460 support. $SPY ( ▼ 0.14% )  $SPX ( ▼ 0.22% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we navigate through this volatile landscape, we must consider how the market reacts to employment data tomorrow. Will we see a continuation of this bullish trend, or are we at risk of further pullbacks? What levels should we be cautious of, and where can we look for potential entry points?

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 defense and hold above 7460 SPX set the course and was leading indicator for the move higher. Always trust the levels.

Now we are sitting in after hours right on the key 7474 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 trading range was quite wide, showcasing the market’s volatility, but we closed flat, which indicates a possible consolidation phase.

As we head into the final trading day of the week, keep an eye on key employment data scheduled before the open. This could significantly impact market sentiment and dictate our trading strategies for the day ahead.

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 don’t have to 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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