In partnership with

In Friday’s letter, we wrote:

This is what happened. After an overnight selloff, we lost the critical 5899 level in futures, which triggered a short to the 5871 support target. Once we hit 5871 exactly, the market bounced back, reclaiming 5899 into the regular session open. This triggered the long case above as the short scenario had already played out and we jumped to 5939 before consolidating again. Another push to reach high of day of 5968.61, just shy of our target of 5975. $SPY ( ▲ 0.11% )  $SPX ( ▲ 0.09% )  $ES_F ( 0.0% )  

See how well the levels work?

Tackle your credit card debt by paying 0% interest until nearly 2027

Reduce interest: 0% intro APR helps lower debt costs.
Stay debt-free: Designed for managing debt, not adding.
Top picks: Expert-selected cards for debt reduction.

Learn How To Apply Now

Now that we’ve pushed back up near the highs of range, where do we go from here? Are we set to launch higher, or do we need a considerable pullback? What levels do we need to hold to maintain this bullish momentum?

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.

Overall, the levels performed excellently today. The short trigger from the overnight selloff was clear, and once we hit support at 5871, the bounce back into the open was equally strong. Reclaiming 5899 was pivotal for the long move back up to 5968.61, aligning closely with our anticipated targets. Always trust the levels.

Now we are sitting in AH right on the key 5956 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 bounce was solid, supported by good volume.

Looking ahead, tomorrow marks the first day of G7 meetings, alongside speeches from at least six FOMC members throughout the day. Keep an eye on these events, as they could introduce further volatility and opportunities in 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.

Subscribe to Premium to read the rest.