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In Friday’s letter, we wrote:

This is what happened. The levels played out beautifully today, showcasing the power of technical analysis. We witnessed a recovery at 6555, which was followed by a solid defense at 6568 from above. This action set the stage for a strong rally, culminating in a high of day at 6651.62, just shy of our final target of 6655. $SPY ( ▲ 1.05% )  $SPX ( ▲ 1.15% )  $ES_F ( ▲ 1.15% )  

See how well the levels work?

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Past performance isn't predictive; illustrative only. Investing risks principal; no securities offer. See important Disclaimers

Now, as we look to maintain this upward momentum, what key levels must we hold to ensure continued strength? And what targets are on the horizon for a potential breakout?

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 recovery at 6555 and the defense from above at 6568 were pivotal moments that allowed the market to roar 1+% higher. Always trust the levels.

Now we are sitting in after hours right on the key 6577 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’s session resulted in a beautiful 1+% gain on heavy volume, indicating strong buying interest.

Looking ahead to tomorrow, we have employment data and flash PMI scheduled for release prior to the market open, along with at least one FOMC member speaking after the close. These events could potentially impact market dynamics, so it’s crucial to stay alert and ready to adjust our strategies as needed.

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 can not 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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