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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.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24!

What we’re reading:

In yesterday’s letter, I wrote:

This is what happened. We held 5214 overnight and rallied all the way up to 5236 (target above) prior to the open. Then after the open we sold off sharply to test 5214 several times before slowly making a push higher.

In the final hour of the session, we blasted hard off the 5219 reclaim level above and rallied to a high of 5249.26 just below the 5254 breakout level.

See how well the levels work?

Now that we defended the lows of this range and blasted right back to the top, where do we go from here? Are we on the verge of the next big breakout and what does volume & levels tell us?

More in the trade plan below.

The $SPY 0DTE 520 calls ran from a low of $36 to $354 = 883% gain.

I traded these as called out in the chat from $49 to $120 for 145%. I also scalped a 5240 (single lotto call) from $40 to $450. Yesterday I said I felt the move was on its way and it sure was (after waiting all day for it!). 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.

Levels from the prior letter were fantastic. We held precisely where we needed to according to the letter. First after the close yesterday and overnight and then in the regular session. Always trust the levels!

Now we are sitting in AH right on the key 5243 support level. What does this all 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 6/29 & all overnight action.

Right back to the highs of this range.

Quick volume check:

Higher volume than the prior 3 sessions. Will be watching for the next big spike in volume and which way we move at that time but so far this could have been a pivot.

Tomorrow we have a number of reports pre and during the regular market session including GDP, unemployment, consumer sentiment, etc.

Any of these (if not in line with expectations) has the capability to move the market in a major way.

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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