Thursday March 6 2025 SPY SPX ES Actionable Levels

$SPX dips & defends critical level and then rallies back hard. Are $SPY bulls free and clear?

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SPY Options
March 05, 2025

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In yesterday's letter, we wrote:

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For tomorrow, we are closely watching the key SPX levels of 5779, 5765, 5739, and 5822.

Sellers are still firmly in control, but the rally for most of the day until the 30-minute selloff into the close—plus the move up in after hours—suggests a possible bottom forming. We could try the long on a 5822 breakout or on a dip and defense at 5795/5779 or 5765.

From there, we can continue the move that started today, pushing up through 5822, 5840, 5857, and 5872. Reclaiming 5872 could give way to the final levels of 5890 and 5908.

If we lose 5765, we can try the short to target 5752 and 5739.”

This is what happened. We bounced off the 5765 level overnight to rally higher only to drift lower into the open. After losing this key level, we dropped to test the 5742 area, just above the 5739 support level. After some chop, we found a base and reclaimed 5765. This reclaim was the long trigger that allowed us to push all the way to the day’s high of 5860.59, just above the 5857 long target and nearly 100 points from the 5765 long trigger.

See how well the levels work?

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Now that we’ve seen a significant bounce, what’s next? With selling pressure still present, we need to be vigilant. Will the momentum continue, or are we setting up for another round of selling?

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.

Levels played out great. The loss of the critical 5765 was the short and long trigger for a massive win. Always trust the levels.

Now we are sitting in AH right on the key 5837 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 was indeed a much-needed bounce back for longs after facing volatility and dips over the past few sessions. Although we saw high volume today, it was still lower than that of the previous few sessions, indicating we are likely not over on the downside.

Tomorrow, we have unemployment data prior to the open, along with at least three FOMC members speaking throughout the day. Keep an eye on the market’s reaction to these events as they could introduce further volatility and movement.

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.

For tomorrow, we’re closely watching the key SPX levels of…

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