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In yesterday’s letter, we wrote:

This is what happened. The levels played out phenomenally! We had a direct defense at EXACTLY 6443 SPX (6460 ES futures) 1 hour prior to the open, which was crucial. Following that, we bounced 15 - consolidated in tight range post-open and then ran it up further to a high of 6466.89, just above the 6462 level. However, as the day progressed, we lost 6462 and ultimately drifted lower, losing 6443 right at the close. $SPY ( ▼ 0.44% )  $SPX ( ▼ 0.43% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead, the question becomes whether we can regain the critical support level or if further downside is in store. Where must we reclaim (and hold) to prevent major retest of lower supports?

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 defense at 6443 SPX/6460 ES was critical and was a key indicator that we had higher to go. Always trust the levels.

Now we are sitting in AH right on the key 6442 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.

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Trading Plan

Today's session was defined by a tight range that saw a decent sell-off into the close on significantly lower volume. This suggests a lack of conviction from buyers, making tomorrow’s economic data even more critical.

For tomorrow, we have durable goods data and an FOMC member speaking before the open, along with consumer confidence data released in the morning post-open. These events could significantly impact market sentiment and trading opportunities, so it’s essential to keep an eye on how the market reacts.

We are receiving some great questions from beginners. This is helping us develop guides for this group as well as the course. More to come but we’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, we’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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