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In yesterday’s letter, we wrote:

This is what happened. The levels played out spectacularly today as we navigated through a volatile session post-election results. Initially, we lost the critical 7534 support level overnight on election reaction, which saw the SPX drop to our final downside target of 7473. However, we managed to defend that level and quickly reclaimed 7534, which ignited a rally that propelled us through 7559, 7578, and 7603. This surge led to a massive squeeze, pushing the SPX to a high of 7715.57 before consolidating into the close. $SPY ( ▲ 1.65% )  $SPX ( ▲ 2.38% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, the market has shown resilience, but the question remains: can this uptrend continue? What levels should we monitor closely to ensure that the bullish sentiment remains intact?

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 loss of 7534 and the recovery of it both led to massive moves in both directions. Always trust the levels.

Now we are sitting in after hours right on the key 7702 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 1.6% move higher on heavy volume is a testament to the market’s strength. The recovery from the lows resulted in a 250+ point flip!

Looking ahead, tomorrow brings key employment data before the market opens, along with at least two FOMC members scheduled to speak throughout the day. These events could significantly impact market sentiment and trading strategies, so it’s essential to remain alert and prepared for potential volatility.

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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