In yesterday’s letter, we wrote:

This is what happened. Today, the market displayed impressive resilience and strength, with levels playing out beautifully as anticipated. After a brief dip below the 6778 support overnight, we defended at 6766 and quickly reclaimed the 6834level. This led to a strong push that took us through 6849 and 6862, ultimately reaching a high of 6885.94 (just past the 6882 level) before settling at 6869. $SPY ( ▲ 0.71% )  $SPX ( ▲ 0.78% )  $ES_F ( 0.0% )  

See how well the levels work?

Now, as we continue to navigate this upward momentum, the key question is: can we maintain our foothold above key supports? What levels should we be watching closely to confirm continuation or potential reversal?

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 recovery of 6820 & 6834 were the key triggers for longs to be safer and for a run all the way up to 6885.94 - right above the 6882 target. Always trust the levels.

Now we are sitting in after hours right on the key 6865 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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Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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Trading Plan

Today’s performance, with a substantial .78% move higher, signals that buyers are stepping in, though volume remained more average than extraordinary.

It’s essential to remain alert, as we have unemployment data coming out before the open tomorrow, along with multiple FOMC members scheduled to speak during the day. Additionally, keep an eye on any developments related to the Middle East, as they could impact market sentiment and volatility.

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 can not 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.

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