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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 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. We chopped overnight and then all day until FOMC never getting down to the key 4995 level. Then we rocketed 75+ points higher through 5066 and 5084 to a high of 5096 only to sell it all back off and close at 5018.

See how well the levels work?

Now that we had the bounce but sold it all off again, where do we head from here? Is a defense of levels below still possible? What does volume say and what are the must hold levels and targets above needed to avoid a flush?

More in the trade plan below.

The $SPY 2DTE 506 calls ran from a low of $140 to $425 = 204% gain.

I traded these as called out in the chat from $230 to $384 for 67%. I didn’t want the risk so traded the 2DTE and these still moved a lot. With this move a lot of people did very well trading 1 or shorter but I just didn’t want to have it. Later in the day the short was a great trade. I was one and done. 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 beautiful. We never tested the key level noted and rallied hard only to give it all back in the final hour. Always trust the levels!

Now we are sitting in AH right above the key 5020 support level. What does this 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 10/4 & all overnight action.

A lower low and lower high after what looked like a strong rally. What does this do for the rest of the week?

Quick volume check:

Higher FOMC volume with the volatility today.

Tomorrow we have data during the regular session along with unemployment data prior to the open.

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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