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In yesterday’s letter, we wrote:

This is what happened. We began the day in premarket by bouncing right off the vital 6830 SPX must-hold levelmultiple times. Then, after the opening bell we had a brief dip below this level, where we defended at the next major support (within .57 cents!) at 6816, reaching a low of day at 6815.43. This swift recovery was encouraging, as it quickly led to a recovery of 6830. From there, we executed a dip and defense at 6845, which propelled the SPX to a monster run & high of day at 6899.17, just shy of our 6906 resistance target. $SPY ( ▲ 0.73% )  $SPX ( ▲ 0.77% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead, the market is poised at a critical juncture. Will we head back to bottom of range or can we continue this move higher? What are the next levels of support and resistance to watch for?

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 dip and defense recovery of the 6830 SPX level led to a massive run of 70+ points. Always trust the levels.

Now we are sitting in AH right on the key 6884 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.

Trading Plan

Today saw a substantial bounce of .77% following yesterday’s drop, although it was on lower than average volume. This could indicate some caution in the market.

Keep an eye on the state of the union address tonight, as well as the speeches from at least three FOMC members tomorrow, as these could significantly impact market sentiment going forward.

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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