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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. We held the 5196 must hold SPX level on Sunday and overnight except for one brief failed breakdown of the level.

This led to a rally from below 5191 all the way through to the high of the day at 5220 - just below the 5223 level. Then it was all tight chop in a 7-14 point range for the remainder of the day.

See how well the levels work?

Now that we had a decent consolidation day in tight chop. Where do we go from here? Have we tightened up for another massive move? What key levels above and below point the way?

More in the trade plan below.

The $SPY 2DTE 522 calls ran from a low of $135 to $190 = 41% gain.

I traded these as called out in the chat from $147 to $185 for 26%. Then I was all done for the day. There was a nice short after this as we consolidated. But it was such a tight range. 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 fine. We just chopped! But when we held the must-hold level we knew we could go higher. Always trust the levels!

Now we are sitting in AH right above the key 5206 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.

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

Here is a current check of the daily:

This includes all the way back to 6/29 & all overnight action.

We chopped but defended lows of range.

Quick volume check:

Flat day on much lighter Monday volume. Everyone outside staring at the sun?

Tomorrow we have a very light day in terms of speeches or scheduled data. This all ahead of CPI on Wednesday.

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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