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In yesterday’s letter, we wrote:

This is what happened. Today’s market opened strong, defending the critical 7636 level overnight exactly, which was essential to remain within our chop zone. We bounced back impressively, reaching a high of 7686.11 near the opening bell, right at our 7684 upside threshold. This level proved to be a key point of interest and ceiling, allowing us to consolidate comfortably above 7654 while maintaining below the breakout level at 7684. $SPY ( ▲ 0.32% )  $SPX ( ▲ 12.5% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, with the market in a sideways consolidation, the critical question is – can we maintain this momentum? What levels must we hold to avoid a potential breakdown, and where are the next targets if we continue to move higher?

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 defense of 7636 overnight as well as 7684 ceiling during the regular session are key spots of interest as we navigate the trade plan. Always trust the levels.

Now we are sitting in after hours right on the key 7679 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.

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 a solid .3% up day, reflecting strong defense of support levels and encouraging consolidation above the chop zone.

As we look ahead to tomorrow, we have key PCE data and GDP figures set to be released, along with at least one FOMC member speaking during the session. It is crucial to keep an eye on these events, especially given the ongoing concerns regarding trade wars, as they could significantly impact market direction.

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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