In partnership with

In yesterday’s letter, we wrote:

This is what happened. The market initially lost the critical 6442 level overnight, which led to a drop down to 6430.75 ES-which is right at the 6417 SPX target and we defended sharply. We managed to reclaim the 6442 level and then flirt with it throughout the regular session. Finally it held strongly on a dip & defense for an afternoon rally that peaked at 6468.37, right at the 6469 target. $SPY ( ▲ 0.42% )  $SPX ( ▲ 0.41% )  $ES_F ( 0.0% )  

See how well the levels work?

Fact-based news without bias awaits. Make 1440 your choice today.

Overwhelmed by biased news? Cut through the clutter and get straight facts with your daily 1440 digest. From politics to sports, join millions who start their day informed.

Sign up now!

Now that we’ve reclaimed key support, what’s next? Do we have enough momentum to push higher to new ATH’s, or will we see a reversal?

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.

Overall, levels were spot on today as the loss of 6442 was followed by a drop to our target of 6417 overnight, where we defended and bounced back. Then in the regular session the reclaim of 6442 finally led us to run to the 6469 target. Always trust the levels.

Now we are sitting in AH right on the key 6466 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.

Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs behind Uber and eBay also backed Pacaso . They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

Trading Plan

A nice ½% rally unfolded on higher volume, confirming the strength of the market.

Looking ahead to tomorrow, we have oil data and at least one FOMC member speaking, both of which could add volatility to the market. Keep an eye on these events as they could influence the trading landscape significantly.

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.

Subscribe to Premium to read the rest.