Tuesday Oct 27 2026 SPY SPX ES Actionable Levels

$SPX defends where it had to ignite a rally. More gains ahead for $SPY?

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SPY Options
October 26, 2026

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In Friday’s letter, we wrote:

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For Monday, we’re closely watching the key SPX levels of 7606, 7625, 7655, and 7667. After today’s drop to the low of the range we need to see either a firm defense here or continued collapse if major supports fail. If we are able to hold the chop zone (7625) and run through 7655, then a cautious long to 7667 and 7686 can be had, with a safer long attempt if we hold 7686 and push through 7709.”

This is what happened. The market showed resilience as we defended the critical 7606 support in Sunday futures, which was pivotal after the recent drop. This defense allowed us to surge through the 7625 chop zone and continue upward through many resistance targets, hitting a high of 7702.13, very close to our target at 7709. $SPY ( ▲ 0.68% )  $SPX ( ▲ 3.11% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we reflect on today’s performance, a key question arises: can we maintain this momentum? What levels must we continue to uphold to ensure that we avoid a pullback?

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 ability to defend the 7606 level was essential, and it set the stage for a robust rally. Always trust the levels.

Now we are sitting in after hours right on the key 7675 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.

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Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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Trading Plan

Today we saw a solid .7% move higher on average volume, which indicates sustained buying interest.

Looking ahead to tomorrow, we anticipate key consumer confidence and new home sales data, which could influence market direction. Additionally, all eyes will be on Wednesday’s FOMC announcement, making it crucial for traders to stay alert and prepared for potential volatility.

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.

For tomorrow, we’re closely watching the key SPX levels of…

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