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In Friday’s letter, we wrote:

This is what happened. Overnight we tested the 5931 level and defended it before running to 5986. Following the open, we briefly tested 5918 (hitting a low of 5919.18) before rallying back to higher levels like 5961. We saw multiple defenses of 5931 that presented long opportunities; however, after failing to hold 5918, we experienced a late-session pullback that ultimately led to a loss of 5870 and subsequent declines through all the downside targets we had outlined.

See how well the levels work?

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Now, after a massive 2% red candle today, where do we go from here? What levels must we defend to prevent further downside, and what targets above will give us hope for a recovery? How long and ugly could a trade war be?

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.

Levels played out tremendously well as we had multiple opportunities to long off the 5931/5918 before a short opportunity at the loss of 5918 and 5870 to lows of the day at 5810. Always trust the levels.

Now we are sitting in AH right on the key 5863 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 was a massive 2% down day on very high volume.

For tomorrow, we have at least one FOMC member speaking during the session, along with Trump addressing Congress in the evening. We should keep an eye on these events as they could introduce further volatility to the market.

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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