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In Friday’s letter, we wrote:

This is what happened. The levels played out well as we saw the dip and defense of 6299 during the Sunday futures open, which triggered the long entry that we were anticipating. The market ran straight up through the open today, reaching the key target of 6334, with a high of 6336. This level of resistance remained strong throughout the entire day, demonstrating the effectiveness of the levels. $SPY ( ▼ 0.13% )  $SPX ( ▼ 0.12% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we had a nice push up only to sell it off into the close where do we go from here? What levels are key must-defend and what are next targets if we do?

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.

Today was a tale of two levels - 6299 and 6334 and we played right in between them. Always trust the levels.

Now we are sitting in AH right on the key 6311 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

As the day progressed, we did experience a dip in the afternoon, ultimately closing the day flat. It was a decent move up, but the average volume indicated that traders were likely hesitant, awaiting further cues.

Looking ahead, we have Powell speaking in the AM tomorrow. This could create additional volatility and potentially impact our trading strategy moving forward. Keep an eye on any market reactions to his comments, as they could provide valuable insight into future market directions.

I am receiving some great questions from beginners. This is helping us develop guides for this group as well as the course. More to come but we’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, 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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