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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 today without needing to retest 5796 in Sunday futures or overnight. Instead, we tackled the critical breakout levels at 5814 and 5828 right from the open, launching all the way up through to a high of 5871.41, exceeding our target of 5871 by just 41 pennies.

See how well the levels work?

Now that we’ve reached new highs, what does the volume tell us, and where do we go from here? Are there any key supports to keep an eye on?

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 levels played out wonderfully as we did not need to retest 5796 in Sunday futures or overnight and we were able to tackle the 5814 and 5828 breakout at the open, launching all the way up through to 5871.41, right at the 5871 SPX target. Always trust the levels.

Now we are sitting in AH right on the key 5864 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.

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.

Trading Plan

We saw a massive breakout move today. However, it’s worth noting that volume was much lighter compared to similar breakout days going back to the summer, which could indicate a need for caution.

Tomorrow, we have manufacturing data scheduled and at least two FOMC members speaking during the regular session. It will be essential to keep an eye on how the market reacts to these events as they could influence our next moves.

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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