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In Friday’s letter, I wrote:

This is what happened. The levels provided played out quite well overnight as we saw a dip that defended the 5842 level exactly during the premarket session after drifting lower in the Sunday/Monday futures. Following this, we launched significantly and hit a high of 5866.92, just shy of the 5868 target mentioned.

After a morning dip and a successful defense at 5821, we experienced a bounce but also a lot of choppy price action throughout the day. The defense of 5821 was key to maintaining bullish sentiment, allowing us to recover and settle just under 5860 by the end of the day.

See how well the levels work?

Now that we put in a dip and defense at a very critical level, where do we go from here? Is it smooth sailing higher as we were able to avoid a complete collapse?

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 premarket defense at 5842 and then 5821 during the regular session were keys to keeping the move up alive. Always trust the levels.

Now we are sitting in AH right on the key 5856 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

Today we ended the day slightly red but on stronger volume, which could indicate a shift in momentum.

Tomorrow, we have an FOMC member speaking during the regular session, along with potential news from the BRICS and IMF meetings that could impact market sentiment.

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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