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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In Friday’s letter, I wrote:

This is what happened. In Sunday futures and overnight we did not even retest 5206. Instead we blasted up through first target of 5228, then got within 3-5 points of 5244 second target listed above and then sold off a bit prior to the open and then a lot more after the open.

Then it was chop drifting lower during the day until we hit the 5211 level and defended with force (low of 5211.16) and bounced back (slowly) to 5224.39 before the close.

See how well the levels work?

Now that we have had two chop days with almost the exact same 24 hour range, where do we head from here? On the verge of PPI and CPI catalysts that should break us out above or below, what are the must hold levels and targets above that we should be looking for?

More in the trade plan below.

The $SPX 0DTE 5225C ran from a low of $120 (right before this they were $105) to $230 per contract = 92% gain.

I traded these from $155 to $205 as called out in the chat. This was my only trade. I missed the short (I didn’t want to short until we were losing a level lower) but I called it out and it would have been the best entry for me today. More 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.

Levels from the prior letter were OK. Honestly the major moves happened overnight and on Sunday and then into the open. After that it was all chop and very very slow grind higher. Always trust the levels!

Now we are sitting in AH right above the key 5217 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

From a 24 hour /ES standpoint we had nearly the exact same 31 point range as Friday.

Quick volume check:

Low volume chop! Events this week should help rectify this…

Tomorrow we have PPI and Powell speaking and Wednesday we have CPI.

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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