Thursday June 18 2026 SPY SPX ES Actionable Levels

$SPX tries to bounce off key supports but FOMC gives it up and downside targets all hit. Is $SPY set to mend some damage to close the week?

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In yesterday’s letter, we wrote:

For tomorrow, we’re closely watching the key SPX levels of 7502, 7508, 7523, and 7534. After today’s move, the bias is neutral-to-bullish as long as 7508 holds overnight or a quick direct defense at 7502 produces a bounce back through 7508. That long setup would target 7523 and 7534

If 7502 fails to hold or we cannot bounce back above it, we’ll shift to a short bias for the move to 7490, 7478, and 7463, with breach of those supports opening the path to 7445 and 7417 and potentially lower.

This is what happened. Today’s market action was one for the books. After a strong push through our key levels of 7508to 7523, we reached a high of 7532.17 - right below the 7534 target. However, the mood shifted dramatically following the Fed announcement, as we were unable to maintain the 7508 level. A brief attempt to bounce back was met with rejection from below, this led to a sharp decline through all our downside targets (7490, 7478, 7463, 7445 and 7417), ultimately hitting a low of 7402.61. $SPY ( ▼ 1.25% )  $SPX ( ▼ 1.21% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we assess the aftermath of today’s volatility, we must consider the implications of these movements. With 7502 failing to hold, what are the key supports for tomorrow’s session?

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 levels were precise today, perfectly guiding our expectations. The push through 7508 was a crucial moment, and the subsequent rejection below that level was a clear signal that the market was shifting. Always trust the levels.

Now we are sitting in after hours right on the key 7435 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.

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Trading Plan

Today marked a significant 1.2% decline on heavy volume, indicating strong selling pressure.

Looking ahead to tomorrow, we have key unemployment data set to be released prior to the market open, along with the final trading day of the week ahead of Friday’s holiday. This could lead to increased volatility as traders position themselves ahead of the long weekend.

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.

For tomorrow, we’re closely watching the key SPX levels of…

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