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In yesterday’s letter, we wrote:

This is what happened. Overnight, we maintained our crucial 5574 level and executed a dip and defense at 5601, which then propelled us to 5625 right at the open. We managed to bounce off 5641 several times throughout the day before finally defending it for a strong surge, culminating in a high of day at 5715.33, a remarkable 74 points from that key level.

See how well the levels work?

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Now, after this strong day, we need to consider what lies ahead. Is the rally sustainable, or are we primed for a pullback? What supports below will guide us if we start losing ground?

More in the trade plan below.

Today’s trading consisted of three slightly profitable trades before we finally caught the long on the final defense of 5641, which proved to be the catalyst for our rally.

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

Levels were fantastic as the key 5574 was never tested and we dipped and defended overnight at 5601. This set our direction for more upside ahead. When we defended 5641 after multiple tests we knew it was a key level that could propel us higher, then we pushed another 74 points! Always trust the levels.

Now we are sitting in AH right on the key 5672 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

The day closed with a massive 1+% rally, although it occurred on lower volume—especially noteworthy given the FOMC context.

Tomorrow, we will have unemployment data released prior to the open, followed by existing home sales post-open, which could influence market sentiment and trading activity.

As we move into tomorrow, keep an eye on these economic indicators and how they may affect our levels and overall market direction.

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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