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In Friday’s letter, we wrote:

This is what happened. The levels played out great as anticipated. We initially defended 6165 in the Sunday futures, which propelled us up to 6192+. During the regular session, we saw a solid defense of 6176 that pushed the market all the way to a high of 6215.08, right at our key target of 6214. $SPY ( ▼ 0.32% )  $SPX ( ▼ 0.08% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now with another punch higher what will it take for first big retest? What is next target above and must hold support below?

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.

The defense of 6165 in Sunday futures and 6176 defense today with 6192 breakout were key long signals the market wanted to move higher. Always trust the levels.

Now we are sitting in AH right on the key 6188 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.

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 move was a nice 0.5% increase, backed by strong volume.

As we look ahead, tomorrow brings important events with Powell's speech alongside PMI and JOLTS data. These announcements could further influence the market dynamics, so it’s crucial to stay alert and ready for any potential volatility.

Overall, the market continues to show signs of strength as long as we maintain key support levels. Keep an eye on the mentioned levels as we navigate through this week.

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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