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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!

What we’re reading:

In Thursday’s letter, I wrote:

This is what happened. In Futures on Sunday we did not need to retest 5240 and tried the 5271 breakout level even up above 5276 for new all time highs, then before the open this morning we tested the breakout 5271 level and failed. After the open we quickly tested 5240.

After failing here we hit the low of the day at 5229 (as noted above) and then bounced. Into the close we tried the 5240 reclaim but after hours we could not hold on (so far).

See how well the levels work?

These are all levels that were battlegrounds all day today and they were originally written on Thursday, a full 4 days prior to the session.

Now that we tested the breakout level then fell and chopped, where do we go from here? What critical targets guide the next move and what are the must hold levels that would prevent a deeper sell?

More in the trade plan below.

The $SPY 2DTE 520 puts ran from a low of $38 to $128 = 237% gain.

I traded these as called out in the chat from entries at $92 to $128 at best sale for 39%. This was my only trade of the day. I traded the plan as written from Thursday if we failed the key 5240 level I would short. I wish we had more continuation down, but I scaled out and was able to take it all off for profit. 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 good. After the move down it was mostly chop. I did get the short in and scaled out and then wrapped it up. Always trust the levels!

Now we are sitting in AH right on the key 5239 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 6/29 & all overnight action.

A stab up to new highs and then a sell back to the mid-lower end of new range.

Quick volume check:

Volume still fairly low. If we see a move higher on even greater volume this lower volume sell off could point to sellers becoming weaker.

Tomorrow we have JOLTS jobs numbers as well as quite a few Fed Member speeches during the trading 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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