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In Friday’s letter, we wrote:

This is what happened. The levels played out spectacularly well today. In the Sunday futures session, we defended the must-hold support level of 7341 EXACTLY (7373.75 ES low of session) triggering consolidation and a run higher. This momentum carried us through the key levels of 7363, 7410, and ultimately 7426 as we approached the opening bell. What followed was a strong buying surge that propelled us past 7445, 7476, and even 7505, leading to a squeeze and culminating in a high of day at 7577.39. $SPY ( ▲ 2.37% )  $SPX ( ▲ 7.01% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, after such a robust rally, what should we expect? Where can we find support on any potential pullbacks, and which levels should we keep an eye on as we aim for higher targets?

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 defense in Sunday futures at precisely the must-hold short below level was a key indicator leading to a massive run higher. Always trust the levels.

Now we are sitting in after hours right on the key 7547 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 witnessed a massive 2.35% move higher, backed by strong volume, indicating a solid conviction among buyers.

As we look to tomorrow, we have key CPI data scheduled to be released before the market opens, along with a 10-year bond auction and multiple speeches from FOMC members throughout the day. These events could influence market dynamics significantly, so it’s essential 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 don’t have to 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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