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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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

In Friday’s letter, I wrote:

TThis is what happened. We knew our direction practically as futures opened Sunday. But understatement of the year as we hit a low in the first hour of 5119.26 after a massive sell event took hold in Sunday and overnight futures. This was actually 25 points higher than the low that came before the market opened.

For those that could trade futures on Sunday on the loss of the key 5304 level, they were paid handsomely.

See how well the levels work?

After recovering 130 points at one point in the day only to close 67 from the day’s lows, where do we had from here? Have we seen capitulation yet? Is more pain to come? How will we know? What key levels must hold and targets above will show the way. What does volume tell us for today?

More in the trade plan below.

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

The levels played out well, as the loss in futures on Sunday of the 5304 level led to a massive 210 sell that would have traded beautifully in futures. Always trust the levels!

Now we are sitting in AH right above the key 5232 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.

On the daily chart, we dipped to levels not seen since early May.

Quick volume check:

Another record volume day YTD.

Tomorrow is a quiet day on the reports or scheduled event front. Look for news on Iran/Israel or US elections. VIX just under 40 we should be in store for some good moves the remainder of this week.

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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