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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 strong, defending just above the 5805 level as indicated, and we saw a strong move all the way up to a high of 5846.52, just a few pennies shy of the 5847 key level I had pointed out. The bulls took control as we pushed through the resistance levels, and the trading day played out as anticipated, with the defense of critical support levels leading to a rally.

See how well the levels work?

Now that we have regained some ground, what’s next? With the strong defense today, should we be looking for further continuation? What critical levels are must hold and targets above that will point the way?

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.

The levels played out beautifully, confirming the defense above 5805 and leading to the strong upward movement we saw throughout the session. Always trust the levels.

Now we are sitting in AH right on the key 5834 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.

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

We witnessed nice defense and recovery of the lows of the range today on the daily chart, but it came on much lower volume.

Tomorrow brings retail sales and unemployment figures, which are crucial economic indicators that could influence market direction. Keep an eye on these reports as they may create volatility or provide further clarity on the market's next moves.

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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