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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!

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In yesterday’s letter, I wrote:

This is what happened. We opened the day by defending the key level of 5621 multiple times, which was crucial for our move higher. After holding this level, we saw a significant bounce that took us up to a high of 5689.75 during the session, just below the 5691 target. As anticipated, the levels played out perfectly, and those who trusted the support at 5621 were rewarded with a strong upward movement.

The market responded to the FOMC decision with volatility, allowing for substantial trading opportunities. I successfully traded the $SPX 0DTE 5650 call, which saw a remarkable increase from a low of $357 to a high of $1,880, yielding a 427% gain. I caught a decent piece of this. This exemplifies the potential for profit when one can navigate the volatility effectively.

Now that the defense of 5621 was pivotal and allowed the push to new all time highs, where do we go from here? Did we lose this critical level into the close?

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.

Levels played out great, particularly the 5621 defense multiple times today which then bounced us up to highs. Always trust the levels!

Now we are sitting in AH right above the key 5626 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.

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Trading Plan

On the daily chart, we experienced a big push to new all-time highs but closed near the low of the day, which indicates some indecision. Volume was lower than I expected, especially given the FOMC meeting, which typically generates higher trading activity.

As we look to tomorrow, we have unemployment data prior to the open, which is likely to be market-moving, followed by existing home sales data after the open. Traders should remain cautious and prepared for potential market reactions as these economic indicators are released.

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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