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In yesterday's letter, we wrote:

This is what happened. The levels played out beautifully today. We saw a dip to the 6081 support after hours, which was defended effectively, leading to a solid run of 30 points up to the 6110 resistance. Following the opening of the regular session, we experienced another dip, but the 6081 level was once again defended, allowing us to run another 20 points higher. $SPY ( ▲ 0.06% )  $SPX ( ▼ 0.0% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that the breakout remains intact and we had our first consolidation day within a new range-where do we go from here? Where must we hold to keep a move to fresh all-time highs alive and what are next downside targets?

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 did their job twice at 6081 to defend and run higher. Despite the tight consolidation, there are still entries to be had - just have to find them! Always trust the levels.

Now we are sitting in AH right on the key 6093 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 was characterized as a flat consolidation day with even lower trading volume than we have seen in previous sessions.

As we look ahead, tomorrow presents significant economic indicators, with GDP and unemployment data being released before the open, alongside at least three FOMC members scheduled to speak during the session. It will be crucial to monitor these developments as they could influence market sentiment and trading strategies in the days to come.

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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