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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. Unfortunately it happened overnight and by the open it was all chop. We literally bounced within a 10 pt range on the hourly candle on SPX all day long:

These are not conditions to trade in. Perhaps only to setup for the following day or to be quick and trade the predictable range.

We did hit a low of 5262.7, only .30 below the 5263 level written above in the trade plan. We also hit a high of 5282.27, just below the key 5284 level that was lost overnight. I was waiting for that level to reclaim to long!

See how well the levels work?

Now that we’ve lost the key level and are finding a home in a new range, where do we head from here? Where do we need to reclaim to feel good about a bottom and going long? What targets or must hold levels are still beneath us?

More in the trade plan 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 great. It was clear the direction when 5284 didn’t defend. Unfortunately you would have had to have a standing futures order or been awake! Always trust the levels!

Now we are sitting in AH right above the 5248 key 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 1/5 & all overnight action.

A deep cut down below the bottom of larger range that we just fought to get out of!

Quick volume check:

A bit more volume on this sell off. Supporting the move but nothing catastrophic.

Tomorrow we have GDP, unemployment, pending home sales and at least one FOMC member speech during the trading session.

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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