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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.

In Friday’s letter, I wrote:

This is what happened. The market opened strong, defending the critical 5717 level in premarket, which set the tone for the day. We held 5705 during the regular session, which allowed us to launch up to a high of 5765.14, right at the 5765 level.

See how well the levels work?

The support levels played out beautifully, particularly the defenses at 5717 and 5705, which paved the way for the upward momentum we experienced.

Now, with us pinned at all time highs how much higher is possible? With a new quarter under way what does the pre-election month bring?

More in the trade plan below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

The overall levels played out great, confirming that our defenses were strong and indicating that buyers were in control as we approached the all-time high. Especially the 5717 defense in premarket and the 5705 defense during the regular session, launching us all the way to 5765 level before the close. Always trust the levels.

Now we are sitting in AH right above the key 5743 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

We closed with an outside daily candle right near the all-time high, which is a strong bullish signal. Volume was a bit stronger than the prior five sessions, indicating increased interest and activity in the market.

Looking ahead, tomorrow is set to be busy with PMI and JOLTS reports in the morning, and at least four FOMC members are scheduled to speak. This could lead to further volatility, so it’s essential to remain vigilant and prepared for potential market reactions to the economic data.

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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