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First Few Lessons Already Launched - Order Now

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

What we’re reading:

In yesterday’s letter, I wrote:

This is what happened. All night long we held 5231 until about 3 hours prior to the open. Then about an hour prior to the open we lost 5212. Both levels above failed which was the short signal if you were trading futures or able to trade in premarket.

After the open we continued selling off and failing all the levels noted above falling to a low of 5184.05, only 5 pennies shy of the 5184 target.

Then as noted that level could be a long entry upon defense, we rallied all the way back to a high of 5208.34. This was a choppy unproductive rally until it really picked up steam in the final hour or so.

See how well the levels work?

Now that we sold off back into the prior range and had a bit of a late day defense, is the selling over? What critical levels are must hold now and what targets point the way above?

More in the trade plan below.

The $SPY 0DTE 518 calls ran from a low of $29 to $111 = 283% gain.

I traded these as called out in the chat with a scalp from $88 to $95 then $45 to $55 then runners final sell at $71. Ended up much higher but I was able to scale out in waves. 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 alright. Frustrated the best move came prior to the open. The defense and rally though played out according to plan. Always trust the levels!

Now we are sitting in AH right on the key 5207 support level. What does this all 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 6/29 & all overnight action.

Important to zoom out and take it all in once in a while. This was a quick spike down to the prior range and then a defense that almost, not quite, but almost brought us back into the lows of the new range.

Quick volume check:

Higher volume supports the move.

Tomorrow we have ADP unemployment data, Services PMI, quite a few Fed Member speeches including a Powell speech during the regular session.

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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