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In Friday’s letter, we wrote:

This is what happened. The levels played out great as we saw a strong defense at 6466 during the Sunday futures session, which led to a run of over 20 points higher. In the regular session, we encountered resistance at 6505, with a high of day reaching 6508. Subsequently, the market dropped and we saw a defense right at the low of day (6483.29), which aligned with our support level at 6481. This defense allowed for another upward movement amid the chop, illustrating the effectiveness of our key levels. $SPY ( ▲ 0.25% )  $SPX ( ▲ 0.21% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, after a choppy consolidation day where key supports were defended - where do we go from here? What is must-hold level below us when volatility picks up again?

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.

This trading session was choppy but the support at 6466, rejection at 6505 and support at 6481 were keys to point us looking higher! Always trust the levels.

Now we are sitting in AH right on the key 6495 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.

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

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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 trading session recorded a slight move higher, but it was accompanied by lower volume and choppy low volatility consolidation..

Looking ahead to tomorrow, we have a light day in terms of scheduled reports and events. However, keep in mind that Wednesday will bring PPI data, followed by CPI on Thursday, and consumer sentiment/inflation expectations on Friday. These events could potentially add volatility to the market, so stay alert and ready to adapt your trading strategies accordingly.

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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