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In yesterday’s letter, we wrote:

This is what happened. The overnight session was strong, with a dip & defense at 6372 perfectly and holding through CPI. This was the most bullish path. From there, we pushed up through 6389, defended it in the regular session and continued the push through resistances to ultimately reach a high of 6446.55, just shy of the 6449 resistance level above. $SPY ( ▲ 0.34% )  $SPX ( ▲ 0.32% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we sit at all time highs - do we push through and have a continued run or do we reject and retest lower supports before the next major move?

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 6372 and 6389 levels were critical for the bullish move up 70+ points to fresh all time highs. Always trust the levels.

Now we are sitting in AH right on the key 6439 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 we experienced a massive 1% rally on higher volume, reinforcing the strength of this movement.

For tomorrow, we will have one FOMC member speaking prior to the open, with at least two more during the session. Additionally, keep an eye on any news regarding the Ukraine/Russia meetings with President Trump.

As always, let’s remain vigilant and prepared for any potential shifts in the market as we continue to navigate this volatile landscape.

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 can not 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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