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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. We opened strong after an overnight saw the SPX dip down to the 5718 level, which was a pivotal area I had pointed out. The defense of this level was crucial, as we rallied up from there all the way to a high of 5741. The levels I outlined played out particularly well, especially for those trading futures as the market reacted favorably to the support levels.

See how well the levels work?

After reaching the high of 5741, we ended the day red, settling in the midpoint of the range. This suggests that while we pushed up to higher highs, we still faced selling pressure that could lead to further choppiness.

What key levels are below that we must hold in order to avoid a major sell off? What levels are still good areas to long and join the macro trend?

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 particularly great if you trade futures as overnight we came down, tested the 5718 level where I said I would long and railed all the way up to a high of 5741. Always trust the levels.

Now we are sitting in AH right above the key 5724 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

Overall, today’s volume was lower than previous sessions, indicating a lack of conviction in the rally.

Looking ahead, tomorrow is packed with events, including at least eight FOMC member speeches, including comments from Powell and Yellen. Additionally, we'll have GDP and unemployment claims data released prior to the market open. These events could inject significant volatility into the market, so traders should remain vigilant and prepared for potential price swings.

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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