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In yesterday’s letter, we wrote:

This is what happened. We opened the day by defending the 6519 SPX support overnight and, following the PPI announcement, we launched north to our target of 6556 SPX exactly. The levels played out perfectly as we saw the defense and then rejection of that resistance target. Then, we encountered some choppiness during the regular session, which caused us to give back some of those gains. Despite this, we managed to defend the 6519 SPX support again in the final hour, allowing for a strong close. $SPY ( ▲ 0.29% )  $SPX ( ▲ 0.3% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with CPI looming tomorrow, what do we need to be cautious of? Did we gather enough momentum to keep pushing higher, or are we setting ourselves up for a potential pullback?

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 overnight defense of 6519 that pushed us higher and then rejecting 6556 exact as upside resistance target was spot on. Always trust the levels.

Now we are sitting in AH right on the key 6529 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.

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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 was a fantastic pop and retest of supports, ending the day at .3% higher on increased volume.

Tomorrow, all eyes will be on CPI before the market opens, along with unemployment claims and the 30-year auction in the afternoon. These events could introduce further volatility, so it's crucial to remain vigilant and prepared for any market reactions.

Keep an eye on how the market responds to these key events as we continue to navigate through this crucial period.

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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