Wednesday April 23 2025 SPY SPX ES Actionable Levels

$SPX defends, reclaims, retests and rallies 2.5% to wipe yesterday's losses. Where must $SPY hold to prevent another big sell?

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SPY Options
April 22, 2025

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In yesterday’s letter, we wrote:

❝

For tomorrow, we're closely watching the key SPX levels of 5137, 5107, and 5166. Today we had the short trigger and it played out beautifully. Now, with the bounce into the close, we’ll be watching to see if buyers can reclaim levels above after dipping below 5137, 5120, or 5107. Any of these could present a long opportunity on a solid defense or reclaim. If that plays out, we can target 5153 and push through 5166. A clean move through 5166—even without a dip—would also be a valid long entry, setting up a move through 5178 and 5194. Reclaiming 5194 opens the door to 5214, 5231, 5252, 5270, 5282, 5295, and ultimately 5307.”

This is what happened, & what transpired was truly remarkable. We opened strong and did not lose the critical support level of 5137 overnight. Instead, we rallied beautifully, and after defending the 5194 level before the market opened, we broke loose during the regular session. The SPX soared through all the key resistance levels, culminating in a high of 5309.61, just above our target of 5307. $SPY ( ▲ 0.13% )  $SPX ( ▲ 0.1% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now with a ping pong 2.5% move - this time higher, where do we go from here? What level must be held to prevent another deep retracement and what target above will trigger a squeeze back to top of range?

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 hold of 5137 overnight and the 5194 key defense before the open were the long signals that led to a 2.5% rally hitting all key targets including the final 5307 one provided yesterday. Always trust the levels.

Now we are sitting in AH right on the key 5291 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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Trading Plan

Today was a monster 2.5% rally on very good volume, significantly better than yesterday's equal sell-off.

Looking ahead, tomorrow we have PMI data in the morning and at least three FOMC members scheduled to speak throughout the day. These events could introduce further volatility, so it's essential to stay alert and prepared for any 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.

For tomorrow, we’re closely watching the key SPX levels of…

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