In yesterday’s letter, we wrote:

This is what happened. Overnight, the market dipped to the key level of 5901, where we found solid defense with a rally all the way up to the 5939 level precisely. Then we sold off in the regular session with additional defenses at 5901. This triggered the long opportunity. From there, we rallied up through to 5916, trading within the 5901-5916 range as we consolidated throughout the day before the final sell-off that defended 5901 once again. $SPY ( ▲ 0.99% )  $SPX ( ▲ 0.96% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with tomorrow on the horizon, we have to contemplate the next steps. Will we maintain this momentum or see further consolidation? What are the key levels to watch, and how might tomorrow’s economic data impact the market?

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 played out very well with multiple defenses at 5901 and a strong rally to 5939. Always trust the levels.

Now we are sitting in AH right on the key 5907 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.

There seems to be some confusion as to the premium subscription and the discord chat. If you are premium and you do not have access to the “Premium Members Only” channels including “members-only” please authenticate yourself in the “bot-request-premium” chat. Or send me a DM in the discord!

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.

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Trading Plan

Today was a modest 0.5% dip lower on lighter volume.

Tomorrow, we have GDP and unemployment numbers to contend with, along with at least five FOMC members speaking throughout the day. Be prepared for potential volatility as we digest this incoming economic data.

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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