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In Friday’s letter, we wrote:

This is what happened. The market opened strongly after an overnight breakout at 6578, pushing through 6589 with relative ease. Throughout the regular session, we saw multiple defenses of the 6603 level, which ultimately propelled us to the high of the day at 6619-right at the key SPX resistance target. $SPY ( ▲ 0.53% )  $SPX ( ▲ 0.47% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve yet again pushed through key resistance to fresh all time highs-where do we go from here? Where must we hold on any retests lower to keep this momentum alive?

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 break of resistance and multiple defenses of the 6603 SPX level were key signals long which brought us direct to the 6619 SPX target resistance level. Always trust the levels.

Now we are sitting in AH right on the key 6609 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.

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.

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

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.

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Trading Plan

Today’s market action resulted in a solid half-percent move higher, supported by increased volume.

Looking ahead, tomorrow brings retail sales data before the market opens, which could set the tone for the trading day. We must keep a close eye as it may provide insight into consumer spending and overall economic health, potentially influencing market direction.

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 can not 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.

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