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In yesterday's letter, we wrote:

This is what happened. Today’s trading was a perfect illustration of the key levels we had identified. We first lost the critical 6602 SPX level overnight, which set the stage for a sharp decline. However, there was a brief rebound as we rallied up to 6650 SPX, but we found ourselves battling with the 6631 level as the opening bell approached. Once we reclaimed 6631, the market surged all the way to 6689.75 (high of day), right at our critical resistance level of 6689.

However, the upward momentum was short-lived as we faced a rejection at that high, leading to a downward move to the low of day at 6603.5, just above the critical support at 6602. We managed to defend this level, which allowed us to reclaim 6631 again. The session ended with some sideways chop, maintaining that level into the close. $SPY ( ▲ 0.39% )  $SPX ( ▲ 0.38% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead, while today’s movements were impressive, we must consider whether the market can maintain its strength. What levels are necessary to ensure we do not see further downside?

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 fact that we nearly called the high of day and low of day within 1 PT each is testament to the power of the levels. Always trust the levels.

Now we are sitting in AH right on the key 6639 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’s trading session was marked by a massive range day, resulting in a modest rally amid high volume.

Looking forward to tomorrow, we have a packed schedule with employment data in the morning, at least five FOMC members speaking throughout the day, and existing home sales data set for midday. These events could significantly impact market dynamics, so we must stay alert and ready to adjust our strategies as necessary.

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 can not 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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