Thursday May 1 2025 SPY SPX ES Actionable Levels

$SPX loses key support before the open, dips hard and then grinds up in regular session. $SPY reclaimed key level into the close and squeezed.

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SPY Options
April 30, 2025

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In yesterday’s letter, we wrote:

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For tomorrow, we're closely watching the key SPX levels of 5530, 5547, and 5570. We're sitting right at the top of the current range, and we need a breakout above 5570 to trigger the long. As long as we hold 5530, we want to continue looking for opportunities to get long...If we fail at 5530, we want to be short for the move to 5515, 5499, and 5481. Can't hold there, and it opens the door for deeper targets at 5467, 5444.”

This is what happened. We lost the key support level of 5530 about an hour before the open, which triggered a significant sell-off. This move opened up the path to deeper targets. Fortunately, we found support at 5444 and 5433, the two key levels we discussed in yesterday's letter. After defending these levels, we managed to reclaim 5467, which set off a strong rally all the way back up to 5530. After a brief pause, we saw a final push at the end of the day that propelled us to a high of 5581.84, effectively triggering the squeeze we were looking for. $SPY ( ▲ 0.04% )  $SPX ( ▲ 0.15% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, after such an active trading session, where do we go from here? With the market showing resilience in reclaiming key support, does the strength continue or are we about to drop further? What levels guide the way?

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 were incredible. From the 5530 failure that led to the sharp sell off, to the defense at 5444 and 5433 to the reclaim of 5467 that led us back to 5530 and the reclaim of 5530 into the close to have us spike to 5581 and even further in after hours! Always trust the levels.

Now we are sitting in AH right on the key 5590 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 a massive range on higher volume, we got the dip defended and then reclaimed the key level into the close that we had failed roughly an hour prior to the open.

Looking ahead, tomorrow brings Unemployment data, PMI data, and construction spending data. Additionally, keep an eye out for any news regarding trade deals that could impact market sentiment. Let’s stay sharp and be prepared for potential volatility!

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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