Tuesday Sept 12 2023 SPY SPX ES Actionable Levels

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In Friday’s letter, I wrote:

This is exactly what happened. We defended 4444 in Sunday’s future session and overnight and then made a run to reclaim 4472, 4476, 4483. Late in the session today we made a stab up at 4493 and we hit a high of the day of 4490.77 earlier.

See how well the levels work?

Now that we’ve made a higher high and higher low on the daily, where do we head next and what targets will clue us in that bulls are safe?

More in the trade plan below.

The 0DTE $SPY 446 puts ran from an AM low of $15 to $50 = 233% gain.

I took this trade from $36 to $50 for 39%. I am just now realizing that I hit high of day on some of these - that almost never happens. This was all called out live in the chat. I took the trade and was quickly able to take off a good chunk and then I ended up getting stopped out on the remainder at $39. This was the first of two trades. Second was a wash. More in the trade recap below.

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

Levels from last night were pretty great. We had the dip after the open and then we finally reclaimed vwap and ran. The levels kept us in check on where we should enter and where we should take profits. Always trust the levels!

Now we are sitting in AH right on the 4482 key support level. What does this all 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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