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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.

First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. Overnight we did not need to retest 4997 and instead reclaimed 5013 in early morning hours. This led to a blast from the first target 5026 at the open and a rally all the way up through 5038, 5050 and even a break through 5061. High of day was 5076.12.

See how well the levels work?

Now that we’ve continued the rally, are bulls out of the woods? What targets are left above and what are must hold levels now to prevent further retracement?

More in the trade plan below.

The $SPY 3DTE 503 calls ran from a low of $262 to $516 = 97% gain.

For 3DTE that’s not bad. As most know I opened these at the close yesterday at $280 and also scalped some as they dipped below. Best were holding onto some that I opened at $200 and sold today at $351 for 76%. I did not like where I originally opened these but was able to scalp some for profit in the dip and because of where we closed I was OK holding overnight. 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 the prior letter were great. The reclaim of 5013 and quick test an hour before open was the key and then we took off. Always trust the levels!

Now we are sitting in AH right above the key 5072 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

Another higher high and higher low.

Quick volume check:

Really don’t like this volume. Need to see much stronger volume on a trend up day like today to not think this comes right back.

Tomorrow we have durable goods and oil inventories - not much.

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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