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In yesterday's letter, we wrote:

This is what happened. Overnight we dipped to defend the 6327 dip & defend level, pushing us up nearly 20 points. We then witnessed a dip & defense at the 6293 SPX level during the regular session, which allowed us to run 30 points higher and ultimately hold 6293 into the close. The strategy of waiting for these key levels to defend worked effectively, and we managed to capture profits along the way. $SPY ( ▲ 1.07% )  $SPX ( ▲ 1.13% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that we have seen a consolidation day that lost some ground from yesterday’s gains - where do we stand? Where must we hold and what targets are up next?

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, the levels played out remarkably well today, where we had a solid recovery from the dip to 6327 overnight PLUS the must-hold 6293 level during the regular session proved to be a strong support that we managed to defend into the close. Always trust the levels.

Now we are sitting in AH right on the key 6297 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's market was characterized by wide-ranging consolidation, giving back some of the previous day’s gains on higher volume, a signal of increased participation.

Looking ahead, tomorrow we have a 10-year bond auction and at least three FOMC members speaking throughout the day, which may affect market dynamics. Keep an eye out for any market reactions to these events as we navigate through this consolidation phase.

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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