Tuesday Apr 18 2023 SPY SPX ES Actionable Levels

Don’t miss the Topic Directory - Getting lots of questions that are answered in here!

In Friday’s letter, I wrote:

Also:

It’s almost as if $SPX read my post. First half of the day was the first part above, the loss of 4139 after failing to breakout and a very muted overnight session. This led to the loss of multiple levels and a bounce off 4123.

Then, in the afternoon volume came in and we blasted up near the 4155 level.

The 0DTE $SPX 4140 call ran from a low of $35 to $1200+ per contract. - 3328+% gain.

I traded these - and I caught a good chunk of the move, 600-900%. This was after playing puts from the morning. Those were also profitable but they were a very long and choppy hold. More in the trade recap below.

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

Levels from last night worked out great (15 min chart). As noted I was able to hold puts for profit (albeit choppy) and then flip to calls in the afternoon for the fast move up. More in the trade recap below. Always trust the levels!

Now we are sitting in AH sitting right on the 4148 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 tomorrow’s session and today’s trade recap.

Learn the system to make 1-3 low risk, high trades per day using SPY/SPX options.

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