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In Friday’s letter, we wrote:

This is what happened. The levels played out beautifully today. After losing 5873, the short was triggered and we dropped to the 5860 target, hitting a low of 5861.43. Then, complete opposite, the defense at 5860 and then at 5873 allowed for the long to trigger, propelling all the way up to a high of 5937.4—just shy of our ultimate target of 5943. The market demonstrated a clear reaction around these key levels, validating our strategy. $SPY ( ▲ 0.57% )  $SPX ( ▲ 0.58% )  $ES_F ( 0.0% )  

See how well the levels work?

Now that we’ve had another great dip, defense and rally-how much more gas is left in the tank? Where is the ultimate next target higher and what level must now hold below to keep that in play?

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 trading plan worked effectively, with the key 5873 level dipping below then reclaiming to trigger the long all the way to 5937. Always trust the levels.

Now we are sitting in AH right on the key 5940 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.

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Trading Plan

Today’s rally occurred on lower volume, which is something to watch going forward.

For tomorrow, we will have JOLTS jobs data released alongside at least three FOMC members speaking during the session.

These events could introduce some volatility, so it’s essential to stay alert and prepared for potential market shifts.

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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