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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.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In Friday’s letter, I wrote:

This is what happened. In Sunday futures and overnight we reclaimed 5140 level and rallied prior to the open to a test the 5172. Then, we fell hard roughly 35 minutes into the regular session.

We first tested 5140 and failed. Then we tried to reclaim 5140 and failed. Then it was all downhill from there.

We lost 5104 and much more falling through 5087 and 5070 all the way to a low of 5052, just a hair above the 5051 level noted above.

See how well the levels work?

Now that we’ve significantly continued the sell off and are at levels not seen since early March. Where do we head from here? How much more pain could be ahead and what are the must hold levels to turn it around?

More in the trade plan below.

The $SPX 0DTE 5035 puts ran from a low of $10 to $434 = 4,240% gain.

I traded these after having a slight profit (scratch) of a long trade earlier in the session. I entered at $200 and sold at $370 for 85%. More in the trade recap below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels from the prior letter were fantastic. After claiming 5140 in premarket we rallied hard. Then, when we lost 5140 (and more) in the regular session we knew we had a lot more red ahead. Always trust the levels!

Now we are sitting in AH right above the key 5057 support level. What does this all 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 10/4 & all overnight action.

A lower low and lower high and a massive range again. We are now over 200 points lower than the all time high.

Quick volume check:

Stronger volume supports this move down.

Tomorrow we have some housing data and 3 Fed Member’s speaking during trading session. The big one, though, is Powell in the afternoon. This has the potential to move the market significantly and could even reverse the trend from earlier in the session.

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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