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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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In yesterday’s letter, I wrote:

This is what happened. Overnight we held the 5311 and chopped up there for most of the day. Then we had the strong reaction to FOMC minutes that took us all the way down to 5286.01, just below the 5290 level. Then we rallied hard off that defense all the way back to 5307.01 into the close and another 10 points in after hours on NVDA earnings.

See how well the levels work?

Again, another day that kept us within consolidation, even with the larger events today. Do we still breakout higher? What does the defense of 5290 bring? Where must we hold tomorrow?

More in the trade plan below.

I didn’t trade today, but if I had it would have been the long off the 5290 level.

That would have been a beautiful trade, unfortunately I was tied up and didn’t want to trade from mobile.

I had said in the morning update that if we could get down to 5290 try a longer dated call.

In after hours we hit 5317.

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 awesome. We knew we didn’t breakout in the AM or overnight. Then the dip and defense was precisely where there were good long opportunities. Always trust the levels!

Now we are sitting in AH right above the key 5313 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.

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.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

A dip and a reclaim - filling out the range!

Quick volume check:

Better, but still very light.

Tomorrow we have jobs, PMI and new home sales along with at least one FOMC member speech.

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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