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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.

In Friday’s letter, I wrote:

This is what happened. The market opened strong, and we managed to defend the 5604 level (low of day at 5604.53) effectively. From that point, we made a strong move higher, closing at 5633.09, right at the 5634 target I had mentioned. The defense of the 5604 level was crucial, and it set the tone for the rest of the trading day, allowing for a continued bullish stance.

See how well the levels work?

Now, as we push the limits of the upper part of this range, we must ask ourselves: where do we go from here? What levels must we hold to ensure the uptrend continues, and what should we watch for as we head toward the FOMC?

More in the trade plan below.

No trades were executed today on my end. I was keen to go long, but the market's slow movement left me hesitant. I also did not want to short unless we broke multiple supports. Sometimes, it's best to remain patient and wait for clearer opportunities.

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

The levels played out well as we defended the 5604 level (low of 5604.53) and then continued higher to close at 5633.09, right at the 5634 level. Always trust the levels!

Now we are sitting in AH right above the key 5629 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

Looking at the overall market dynamics, we saw a nice continuation to the upside, with decent volume on the continuation higher.

Tomorrow, we have retail sales data in the morning and an FOMC member speaking in the afternoon. However, all eyes are on the FOMC meeting scheduled for Wednesday. Expect some volatility as traders position themselves ahead of this key event.

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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