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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.

In Friday’s letter, I wrote:

This is what happened. The market opened strong but was unable to hold above the key level of 5648. As we transitioned through the day, we lost critical support levels including 5635, 5625, and 5615, which led us down to defend the 5600 level. The inability to push back above these crucial levels indicates a bearish sentiment, and we were eventually forced to consolidate around this area.

High of day was 5651.62 just above the 5648 listed above and the low of day was 5602.34, just above the 5600.

See how well the levels work?

Now with a dip back to the middle of range, which way will we break?

More in the trade plan below.

The $SPY 0DTE 561 puts ran from a low of $37 to $205 for 454% gain.

I traded these on a scalp for 30% secured and then was done for the day. We could chop for several sessions in this range. Was happy to take a piece and be done. 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.

Today’s levels played out as anticipated, but we were unable to reclaim the 5648 SPX level, leading to losses through several support levels, ultimately defending at 5600. Always trust the levels!

Now we are sitting in AH right above the key 5611 support level. What does this 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 1/5 & all overnight action.

Looking ahead, this move puts us firmly in the middle of the range on the daily chart.

Quick volume check:

The volume continues to be notably weak, lower than the last two sessions.

For tomorrow, the big data release is consumer confidence, which could influence market direction during the regular session. Traders should prepare for potential volatility based on these economic indicators.

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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