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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.

In yesterday’s letter, I wrote:

This is what happened. The market opened and tested the key level of 5966 perfectly, with the low of the day hitting 5965.91—just 9 pennies off from our target. This dip was defended swiftly, and as anticipated, we saw a strong rally take us to a high of 6008.

See how well the levels work?

This is not much different than the plan and price action we put out for yesterday’s session, which many of you capitalized on:

Now that we yet again dipped, defended and then closed virtually flat, where do we go from here? Does PPI or unemployment move us? Where must we hold now?

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 played out beautifully yet again. The dip and defense at 5966 was critical for a move and bounce back up 40+ points. Always trust the levels.

Now we are sitting in AH right below the key 5998 resistance 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

Today's session saw a dip & defense green candle, coupled with even higher volume than yesterday, which suggests that buyers are stepping in decisively.

Looking ahead, tomorrow we have important economic indicators with PPI released in the morning before the market open, followed by unemployment data. Additionally, we will hear from Powell during the last hour of trading, which could lead to increased volatility. It’s essential to stay alert and prepared for any market reactions to these events.

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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