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In yesterday’s letter, we wrote:

This is what happened. The levels played out well as we had the anticipated dip and defense at 6465 overnight, which propelled us up to 6484. However, we quickly lost 6465 in the regular session, hitting our target at 6447. We managed to defend that level but then chopped just below the 6465 mark, leading to a tight range consolidation session. $SPY ( ▼ 0.6% )  $SPX ( ▼ 0.64% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we’ve lost 6465, the focus shifts to how we can react to potential further downside. Where must we hold/reclaim now and what does the late day court ruling on tariffs mean for the market and potential upside?

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 6465 level was key as we had the dip & defense overnight that ran 20 points and then the failure in the regular session led to a loss of 20. Always trust the levels.

Now we are sitting in AH right on the key 6461 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, we saw a decent move lower of 0.64% on good volume, especially for a Friday before a long weekend.

As we look ahead to Tuesday, be prepared for PMI data just after the open, which could influence market sentiment. Additionally, keep an eye on the late-day court ruling regarding the President's tariffs, as it could have significant implications for the markets.

Stay cautious and focused as we navigate this volatile environment.

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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