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In Friday’s letter, we wrote:

This is what happened. We started the day with a strong focus on the critical levels, particularly 6842, which was essential for maintaining our bullish stance. The overnight defense at EXACTLY 6842 SPX proved effective, leading to a rally that peaked at 6871 EXACT before rejection. During the regular session, we revisited this level, allowing the short play to develop down to critical support (low of day 6820.62-right at 6822 target support) before we reclaimed 6842 for a dip & defense. $SPY ( ▲ 0.19% )  $SPX ( ▲ 0.17% )  $ES_F ( 0.0% )  

See how well the levels work?

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_{Past performance does not guarantee future results. Investing involves risk including possible loss of principal.}

Now, with a successful defense at our key level, where do we go from here? What must happen to maintain this bullish momentum or shift our bias?

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 dip and defense at 6842 as well as the 6822 key support are great examples of the levels playing out. Always trust the levels.

Now we are sitting in AH right on the key 6853 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.

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Trading Plan

Today ended slightly higher while consolidating around support on lower volume, suggesting a cautious approach moving forward.

For tomorrow, we have at least one FOMC member scheduled to speak before the opening bell, which could introduce additional volatility and impact our trading strategies.

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 can not 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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