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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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In yesterday’s letter, I wrote:

This is what happened. Overnight we had a small dip and defense of the 5272 level and then continue running higher. By the open, we were above the 5282 reclaim level listed above. Then after a test of vwap it was off to the races all the way running up to 5311.65, just shy of the 5313 target.

See how well the levels work?

Now that we’ve rallied right back into the middle of the range we’ve been in for over a week, how much longer before another attempt at breaking out above? What levels must hold now to keep this possible?

More in the trade plan below.

The $SPY 5DTE 530 calls ran from a low of $76 to $194 = 155% gains.

I traded these from $87 to $116 as called out in the chat. I was able to scale out nicely and enter on a dip. The biggest issue was I should have kept runners just a bit longer. Of course once I sold we really took off! Unfortunately I had moved my stop up and a dip right before the blast took the rest of them off. Still a good read and trade. 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 incredible. The dip and reclaim overnight of 5272 was the first tell. Then when we reclaimed 5282 it was over, we were headed higher. Try as they might during the beginning of the session to scare longs it was clearly higher we were headed. All the way to the 5313 target. Always trust the levels!

Now we are sitting in AH right above the key 5301 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 1/5 & all overnight action.

Right back to the middle of the range.

Quick volume check:

We expected less on the Friday before holiday weekend, and we got it.

Tuesday we have consumer confidence and at least one FOMC member speech during the session.

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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