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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In yesterday’s letter, I wrote:

This is what happened. While we did not get up to 5506 quite we did dip and reclaim 5473 (low of day 5471.32) which would have been a beautiful entry for the long to high of day just above the 5489 target (high of day 5490.38).

See how well the levels work?

Now that we chopped, hit new all time highs and closed near the highs, where do we go from here? How many more green days (in a row!) before we see a proper retracement. Where must we hold to prevent a massive sell?

More in the trade plan below.

The $SPY 2DTE 544P’s ultimately lost me money. They did have a nice run finally from $26 to $50 for 92%.

I traded 50% of the position for a small gain of 10% and the remainder for a loss. I should not have gone against the trade plan. More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

We chopped today. Yes we mostly chopped within the levels but I ignored trade plan and did not execute on them well today. Others did, good for you! Always trust the levels!

Now we are sitting in AH right above the 5489 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.

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Trading Plan

Here is a current check of the daily:

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

New all time highs on this choppy day.

Quick volume check:

Lower volume prior to mid-week holiday. Not much to read into through the chop.

Thursday we have unemployment and at least 1 FOMC member speech in the afternoon.

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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