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In yesterday’s letter, we wrote:

This is what happened. Today’s trading session began with a swift decline as we lost the critical 7659 support level right at the opening bell-high of day 7660.68. Despite an initial bounce, we quickly faced selling pressure, leading to a drop down to 7642 and eventually reaching a low of 7624.16 - right at our 7622 support, before the market consolidated sideways below the important 7659 level. $SPY ( ▼ 0.47% )  $SPX ( ▼ 6.73% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, with another major support giving up, we find ourselves in a precarious position. What does this mean for our trading strategy? Where do we look for potential reversals, and how can we capitalize on this current trend?

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 quick loss of 7659 was a clear signal for downside movement - both high and low of day were called out in the levels. Always trust the levels.

Now we are sitting in after hours right on the key 7640 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 .5% drop on decent volume reinforces the bearish sentiment in the market.

As we look ahead to tomorrow, we have PPI data scheduled for release prior to the open, as well as potential market reactions to tonight’s speech by Trump in Dallas. These events could lead to increased volatility, so staying alert and adjusting our strategies accordingly will be crucial.

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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