In Friday’s letter, we wrote:

This is what happened. Unfortunately, we lost the critical 5929 level roughly two hours prior to the open, and it was all downhill from there. The market continued its downward trajectory, ultimately hitting a low of 5869. After the defense and bounce we still failed to reclaim the 5929 level, closing the day at 5906, just above the 5901 level listed.

See how well the levels work?

AI could turn $10,000 into $1M in the next few years? – here’s how

Artificial Intelligence is being called the next $100 trillion industry—and early investors could have a rare chance to profit.

Renowned investor, James Altucher, believes AI will be the biggest financial opportunity of the decade. He has a history of making accurate predictions about emerging technologies, and his latest focus is on AI.

Altucher claims that a $10,000 investment in the right AI stocks could turn into $1 million or more in the coming years.

But this opportunity won’t last forever. He predicts that the window to get in on these AI investments will end very soon— and in this video explains how everyday investors can take advantage of this “wealth window” before it’s too late.

Plus, he’s also revealing one of his top AI stock picks for free. Don’t miss this chance to get in early on what could be the biggest tech revolution yet.

Watch the video now and see the full AI investment research plan

Now that we have seen this significant drop, where do we go from here? What levels do we need to hold to avoid further declines?

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. Once we had the loss of 5929 it was a straight 60 point loss before the defense. Always trust the levels.

Now we are sitting in AH right on the key 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.

Trading Plan

Today's trading session showcased a significant drop on decent volume, indicating that sellers were firmly in control.

Looking ahead, we have some housing data scheduled for release in the morning, which may influence market sentiment and volatility. Traders should remain cautious and ready to adapt to any shifts in momentum as we digest the upcoming 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.

Subscribe to Premium to read the rest.