In partnership with

In yesterday’s letter, we wrote:

This is what happened. The levels played out perfectly. In the premarket, about an hour prior to the open, we stabbed down to 5414 on the futures (or 5377 on SPX). This was the long dip and defense level noted above that triggered a rally of 73 points all the way to the high of day at 5450.41, which was right below the key target of 5460 that we mentioned yesterday. $SPY ( ▼ 2.22% )  $SPX ( ▼ 2.24% )  $ES_F ( 0.0% )  

See how well the levels work?

Pay No Interest Until Nearly 2027 AND Earn 5% Cash Back

Use a 0% intro APR card to pay off debt.
Transfer your balance and avoid interest charges.
This top card offers 0% APR into 2027 + 5% cash back!

Learn How To Apply Now

Now that we had a quick defense and pop and then a LOT of chop on this low volatility range day, where do we go from here? Are we just about to lose key support for another major sell lower?

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 levels performed great - especially the defense at 5377 that led to a 73 point rally. Always trust the levels.

Now we are sitting in AH right on the key 5350 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.

Trading Plan

Today was characterized by relatively low range chop compared to the recent volatility and occurred on much lower volume than we’ve seen in previous sessions.

Tomorrow we have retail sales data coming out prior to the market open, and all eyes will be on Powell when he speaks in the afternoon. These events could introduce new volatility and impact trading sentiment, so be prepared for potential market reactions.

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.

Subscribe to Premium to read the rest.