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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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

First Few Lessons Already Launched - Order Now

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

In Friday’s letter, I wrote:

This (we kind of got a bit of all of these) is what happened. We held 5452 on Sunday and overnight and continued to test higher (5490.66 high of day) then we sold off and chopped to continue testing the mid 5450’s and finally into the close we traded below 5452 to a low of 5447.59.

See how well the levels work?

Now that we are testing lower levels, where do we go from here? What levels prevent a major sell off and what levels above must hit to continue higher?

More in the trade plan below.

The $SPX 0DTE 5460 put ran from a low of $75 to $1,220 for 1,527%.

I didn’t trade today, but I was watching these contracts! I wanted to short lower, and we were rangebound all day.

I should have just shorted when I said the above! The SPX low on that 1 min candle was 5474.5, nearly 27 points above the day’s lows.

It wasn’t until we were headed into the close that we actually started breaking today’s range. More info in the trade recap below.

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

Rangebound consolidation. If we had made a breakout higher that could have held or a breakdown (not in the final minutes of the day) I would have traded. Could have been a nice day to play the predictable range off the levels. Always trust the levels!

Now we are sitting in AH right above the 5446 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.

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.

Trading Plan

Here is a current check of the daily:

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

Another dip and close near the lows of the day. We are at an important crossroad.

Quick volume check:

Higher volume but still very light and not much more than Friday. Summer volume!

Tomorrow we have consumer confidence and at least two FOMC member speeches during the session.

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.

Subscribe to Premium to read the rest.