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This is what happened. We saw a clear failure at 5265, which triggered shorts that brought us down swiftly to 5208, where we also saw a failure. This led to a downward slide all the way through supports, ultimately hitting a low of 5101.63, just below our key target of 5116. $SPY ( ▼ 2.38% )  $SPX ( ▼ 2.36% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now with another 2.5+% down day, are we ready to completely open up the floor and give way to deeper sells? Where must SPY reclaim to feel good about longs?

More in the trade plan below.

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

The failure at 5265 and the loss of 5208 in the morning post open were the keys to a massive 2.5% down day. Always trust the levels.

Now we are sitting in AH right on the key 5147 support level. What does this mean and where do we go from here? Read below for our 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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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.

Trading Plan

Today’s performance resulted in a significant 2.5% loss, but notably on lower volume compared to Thursday and Friday’s trading sessions. We did manage to bounce off the lows of the day, providing a glimmer of hope for potential stabilization.

Tomorrow, we should be prepared for continued volatility as at least four FOMC members are scheduled to speak, along with the second day of IMF meetings. These events could lead to further market reactions, so stay alert to any developing news that might impact trading strategies.

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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