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In Friday’s letter, we wrote:

This is what happened. We started with the key support of 7506 holding, which propelled us through our initial targets of 7513 and 7533, hitting a high of 7530.01. However, as we lost those crucial supports, the market faced several challenges at 7493 and 7476, with multiple attempts to test 7459, which ultimately resulted in a low of day at 7460.01. Yet, we consistently defended that level. $SPY ( ▼ 0.32% )  $SPX ( ▼ 0.37% )  $ES_F ( 0.0% )  

See how well the levels work?

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See the Plays

Now, looking ahead, the question is whether we can reclaim those levels and push back into bullish territory. What must we hold to maintain our upward bias, and where do we look to initiate positions if we break down further?

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 7459 was key today continually defending between major bounces and dips. Always trust the levels.

Now we are sitting in after hours right on the key 7472 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.

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 marked a .4% down day on lower volume, suggesting that while sellers were present, they may not have the strength to push the market significantly lower.

As we look to tomorrow, we have employment data set to be released prior to the market open, along with manufacturing and services PMI data. These economic indicators could provide insights into market direction and should be monitored closely for potential volatility.

We are 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 don’t have to 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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