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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In yesterday’s letter, I wrote:

Well I would say the plan was close but not exactly right. Yes, we did squeeze higher, and yes the high of the day was 5488.5 on SPX, just .5 above the 5488 target above. But we did not test 5418 first.

We got within 2.4 at low of day of 5420.4. Close, but no retest.

Despite this, we got very close and then ran through all the upside targets listed above.

See how well the levels work?

Now that we had another massive breakout, where do we head from here? How much more could we run before first retest and where must we hold to defend a much deeper retracement?

More in the trade plan below.

Should I have voided the trade plan entry and entered here when making this comment, 50+ points below the high of day? Sometimes I wonder…

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

Levels from the prior letter were great. I just wasn’t able to enter long because the entry based on my trade plan written above did not come to fruition. It came close though! I probably should have entered once I saw the move taking shape but I stuck to my plan. Hard to do. Always trust the levels!

Now we are sitting in AH right above the 5478 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

New breakout, new all time highs.

Quick volume check:

More volume than the breakout last week. This supports the move today.

Tomorrow we have the retail sales prior to the open and at least 2 FOMC member speeches.

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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