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In Friday’s letter, we wrote:

This is what happened. The market opened with some promise as we held the critical 6872 ‘bullish hold’ level several times during the overnight session. However, we failed to gain upward momentum, which set the stage for a decline. Soon after the opening bell, we quickly lost the 6872 and 6862 levels, dropping below the must-hold level of 6843 and hitting a low of day at 6827.19, right at our downside target of 6829. Despite this setback, the market showed resilience as we defended the level and rallied back, ultimately reclaiming the 6843 must-hold level into the close. $SPY ( ▼ 0.3% )  $SPX ( ▼ 0.51% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead, we must consider how to manage our positions. What levels should we monitor for potential breakouts or breakdowns? Where must we hold to maintain bullish sentiment, and where are the next key resistance and support points?

More in the trade plan below.

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

Losing 6872 & 6862 triggered the dip to 6829 support precisely and reclaim of 6843 was a key magnet into the close. Always trust the levels.

Now we are sitting in AH right on the key 6853 support level. What does this mean and where do we go from here? Read below for our 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.

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Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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Trading Plan

Overall, we experienced a .35% down day on lower volume, suggesting that while there was some selling pressure, it was not overwhelming.

For tomorrow, we have key JOLTS jobs data and a 10-year bond auction scheduled for the afternoon, which could influence market sentiment.

In fact, we’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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