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In yesterday’s letter, we wrote:

This is what happened. The levels played out incredibly well today, showcasing the strength of our bullish bias. The overnight run pushed through the critical 7266 level, driving the SPX as high as our 7332 target prior to the open. Then following a dip to 7305 the market opened and we continued the push even higher - through 7317, 7332, 7349 and 7363to high of day 7369.22 - and ultimately closing right at the final upside resistance target of 7363. $SPY ( ▼ 0.3% )  $SPX ( ▼ 0.28% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve reached new highs-again, the question arises: Can this momentum continue? What levels should we watch for support and where are potential new targets above?

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 push above 7266 confirmed the strength we anticipated, as well as the push higher through 7317 and 7332 in the regular session. Always trust the levels.

Now we are sitting in after hours right on the key 7357 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.

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.

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.

Trading Plan

Today’s impressive 1.5% move higher came on significant volume, which, while not extreme, suggests that buyers are committed.

Looking ahead to tomorrow, we will have key employment data released in the morning, along with at least three FOMC members speaking throughout the session. It is crucial to stay alert for any developments that could impact market direction, especially considering potential geopolitical factors, such as the situation in Iran.

We are receiving some great questions from beginners. This is helping us develop guides for this group as well as the course. More to come but we’ve created a separate channel in the discord just so you don’t have to be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, we’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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