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In Friday’s letter, we wrote:

This is what happened. What a magnificent dip and defense at the key level of 5907, which was crucial to hold. We didn’t accept the loss of this level, only dipping a few points below before quickly defending and then rallying an impressive 75 points all the way to a high of 5978. This aligns well with the second key target of 5976 I mentioned in Friday’s letter.

See how well the levels work?

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The strength we showed at 5907 was essential in setting the stage for the rally we experienced today. Now that we dipped but defended, where do we head in the short holiday week?

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 incredible. We got the beautiful dip right below the key must hold (short below) level and then defended and ran 75 points. Always trust the levels.

Now we are sitting in AH right on the key 5973 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.

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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

Overall, today demonstrated a dip and defense right back to the highs of our current two-day defense range, although on much lower volume, which is to be expected during this holiday period.

Tomorrow is also quiet, with a half-day market session and very little data on the calendar. Keep an eye on how we continue to hold these levels as we move into the end of the year.

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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