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In Friday’s letter, we wrote:

This is what happened. The levels played out exceptionally well, and we rallied past the final upside target of 6019, reaching a high of 6021.04 during the session. After hitting this high, we experienced a trickle down throughout the remainder of the day, failing to hold supports except for the key dip and defense at 5965. We closed right at the 5976 level, which highlighted the importance of this key level.

See how well the levels work?

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Now that we’ve seen a strong upward movement, it’s crucial to watch for potential consolidation or further pullbacks. Are we now set to run to new all time highs or do we need to base further in this zone? What key levels point the way?

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 great. The continued run up through the 5943 was the key tell that we would run higher. We ran all targets up through the final upside target at 6019 (high of 6021.04). Always trust the levels.

Now we are sitting in AH right on the key 5976 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.

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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.

Trading Plan

The market had an impressive blast through the mid-range, achieving over a 1% gain at one point, only to sell off slightly, closing with a half percent gain on decent volume.

For tomorrow, we have FOMC member Barkin speaking prior to the open, followed by services PMI and JOLTS data released post-open. These events could bring volatility and should be watched closely as they may influence market direction.

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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