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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!

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. While we didn't experience the same volatility as the previous day, the levels held up quite well. We successfully defended the 5496 level overnight and a 5513 reclaim led us to a bounce all the way up through 5548.

See how well the levels work?

Now that we had a defense but sold it all off, are we done? Did buyers drop the ball and it’s back to freefall?

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.

The overall levels played out well, albeit with less volatility. The market reacted well to the defense and reclaim at 5513 leading to a run to 5548+. Always trust the levels!

Now we are sitting in AH right above the key 5513 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

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

On the daily chart, we printed a doji candle, indicating indecision in the market. We ended up giving back most of the gains made earlier in the session.

Quick volume check:

Volume was high but not quite at yesterday's levels.

Looking ahead, tomorrow we have more employment data and PMI in the afternoon, which could bring further volatility and direction to the market. It's essential to stay alert to these economic indicators as we proceed.

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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