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In yesterday’s letter, we wrote:

This is what happened. We witnessed a solid dip and defense of the critical 6557 level overnight, which set the stage for a strong rally that reached as high as 6631. During the regular session, we also saw multiple defenses of the 6557 level,allowing the market to push up to 6616 by the close. $SPY ( ▲ 0.04% )  $SPX ( ▲ 0.08% )  $ES_F ( ▲ 0.09% )  

See how well the levels work?

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See the Opportunity

Now, as we continue to navigate this bullish uptrend, where must we hold post Iran deadline to keep the current move in play?

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 continued bounce at 6557 was key indication that we could hold the line and bounce back. Always trust the levels.

Now we are sitting in after hours right on the key 6620 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.

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Trading Plan

Today proved to be a fruitful consolidation day, as the market whipsawed through various headlines. With a major White House deadline approaching tonight, any news could have a significant impact, potentially driving the market in either direction.

Additionally, tomorrow we expect a 10-year bond auction and the release of FOMC meeting minutes, both of which could further influence market sentiment.

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 don’t have to 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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