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In yesterday’s letter, we wrote:

This is what happened. Today’s market action was marked by significant volatility. Initially, we traded within a range, respecting the 7624 ceiling (with a high of day at 7626.79), but after failing to hold above 7597, the sentiment shifted dramatically. During the press conference, we lost 7579, which triggered a swift drop through 7566, 7552, 7537, and ultimately down to the low of day at 7507.77 just through the 7516 target. $SPY ( ▼ 0.44% )  $SPX ( ▼ 0.63% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we close lower again, the question remains: can we find a base here, or are we headed for further declines? What levels below must we watch for potential support, and where does the risk of further downside begin?

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 continued rejection of 7624 from above and the loss of 7579 were key tells for direction. Always trust the levels.

Now we are sitting in after hours right on the key 7546 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 market saw a substantial .5% drop on high volume, indicating strong selling pressure.

As we look ahead to tomorrow, all eyes will be on the key unemployment data scheduled for release prior to the open. This data could shape market direction significantly, so it’s crucial to stay alert and adjust our strategies accordingly.

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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