In Friday’s letter, we wrote:

This is what happened. The levels played out quite effectively today. We managed to reclaim 6044 which acted as a springboard taking us up to the target of 6063. We defended right off this level in the morning, and it set the tone for a strong rally that propelled us all the way up to a high of 6085.19.

See how well the levels work?

Over the last seven elections, this asset class has outpaced the S&P 500

Instead of trying to predict which party will win, and where to invest afterwards, why not invest in an ‘election-proof’ alternative asset? The sector is currently in a softer cycle, but over the last seven elections (1995-2023) blue-chip contemporary art has outpaced the S&P 500 by 64% even despite the recent dip, regardless of the victors, and we have conviction it will rebound to these levels long-term.

Now, thanks to Masterworks’ art investing platform, you can easily diversify into this asset class without needing millions or art expertise, alongside 65,000+ other art investors. From their 23 exits so far, Masterworks investors have realized representative annualized net returns like +17.6%, +17.8%, and +21.5% (among assets held longer than one year), even despite a recent dip in the art market.*

It's easy to get started at Masterworks, and our readers can SKIP THE WAITLIST HERE.

Past performance not indicative of future returns. Investing Involves Risk. See Important Disclosures at masterworks.com/cd.

The market showed a clear bullish sentiment as we moved through the targets outlined, ultimately reflecting a strong upward momentum.

Now that we bounced back near the highs of this range, where do we go from here? More chop ahead, or breakout incoming? Where must we hold to keep that intact?

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.

Levels were good. We had the 6044 reclaim that took us up to target 6063 which we defended right off of in the morning and then rallied all the way up through 6079 to 6085.19. Always trust the levels.

Now we are sitting in AH right on the key 6069 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.

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.

BofA says +80% of young, wealthy investors want this asset—now it can be yours.

A 2024 Bank of America survey revealed something incredible: 83% of HNW respondents 43 and younger say they currently own art, or would like to.

Why? After weathering multiple recessions, newer generations say they want to diversify beyond just stocks and bonds. Luckily, Masterworks’ art investing platform is already catering to 60,000+ investors of every generation, making it easy to diversify with an asset that’s overall outpaced the S&P 500 in price appreciation (1995-2023), even despite a recent dip.

To date, each of Masterworks’ 23 sales has individually returned a profit to investors, and with 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%

Shares can sell quickly, but our readers can SKIP THE WAITLIST BY CLICKING HERE.

Past performance not indicative of future returns. Investing Involves Risk. See Important Disclosures at masterworks.com/cd.

Trading Plan

Currently, we have experienced a nice move higher on very solid volume, just shy of Friday's massive performance. This suggests that there is still strong participation in the market.

Tomorrow, we have retail sales data scheduled for release in the morning which could provide further direction. It's important to keep an eye on these economic indicators as they can have a significant impact on market sentiment and trading behavior.

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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