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In Friday’s letter, we wrote:

This is what happened. We opened Sunday futures session with a notable dip that took us below 5922, triggering the anticipated short to 5909. However, buyers quickly stepped in to defend this level, allowing us to reclaim 5922 and initiate a rally of 65 points. From there, we continued to push higher after the regular session open, then with a notable dip on Iran news at the 5948 level providing a long entry. Ultimately, we reached a high of 6028.77, falling just 11 points shy of our key target of 6040 and up 1%. $SPY ( ▲ 0.99% )  $SPX ( ▲ 0.96% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we've defended yet again and completed a significant V rally, what do we watch for next? Are we on track for a further push above 6040, or is there potential for a pullback?

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.

Overall, the levels played out phenomenally, with the failure at 5922 triggering the short, the defense allowing a reclaim of that level, triggering the long entry. Even the Iran news dip didn’t take us down within 20 points of 5922 which was bullish leading to a 1% rally on the day. Always trust the levels.

Now we are sitting in AH right on the key 6021 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 provided a massive 1% rally after a significant intraday dip.

Tomorrow, we have Powell's testimony before Congress, consumer confidence data, and at least two other FOMC members scheduled to speak during the session. Of course be watchful of any developments in the Middle East. These events could influence market dynamics, so prepare for potential volatility.

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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