Wednesday January 15 2025 SPY SPX ES Actionable Levels

$SPX dips but defends yet again in wide range consolidation day. What will CPI bring for $SPY?

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SPY Options
January 14, 2025

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In yesterday’s letter, we wrote:

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For tomorrow, we’re closely watching the key SPX levels of 5849, 5814, and 5792.

As long as we remain above 5792, I would look for areas to long for a continued move higher and to fill out this range. A dip and defense at 5814 or 5831 could present long opportunities. From there, we target 5870 first…

If we chop without making a significant move, it is likely above 5831/5814 and below 5870 or so.”

This is what happened. After a quick spike to 5870 level we rejected and chopped all the way down to dip & defense the 5814 level that we highlighted. This defense led to a strong rally, taking us up to 5860 before a slight pullback in the last hour brought us back to where we had defended earlier in the session.

See how well the levels work?

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Now, as we look ahead, what will CPI bring? Do we need to dip & defend lower or can we build on the late day move?

More in the trade plan below.

The dip and defense at 5814 provided a solid long opportunity that many in our chat capitalized on.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Levels were great even though this was a wide-range consolidation day. For those patient and willing to only engage at the 5814 dip & defense level were rewarded with a nice run up to 5860. Always trust the levels.

Now we are sitting in AH right on the key 5851 support level. What does this mean and where do we go from here? Read below for my 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.

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Trading Plan

Looking ahead to tomorrow, we have CPI data in the morning followed by at least four FOMC members speaking throughout the session. This could introduce volatility, so we’ll need to stay vigilant about the potential impact on the market.

Overall, today was a wide-ranging consolidation day on slightly higher volume than yesterday. The market is clearly in a wait-and-see mode, but the key levels continue to provide guidance as we navigate through this period. Let’s stay focused and see where the next opportunities arise.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’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, I’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.

For tomorrow, we’re closely watching the key SPX levels of…

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