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In yesterday’s letter, we wrote:

This is what happened. The levels played out. After an overnight dip, we defended the key bullish level at 6947 precisely, which set the stage for a strong move higher. The market then rallied all the way up to 6974, confirming our bullish bias as long as critical supports held. $SPY ( ▲ 0.5% )  $SPX ( ▲ 0.54% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead to tomorrow, the focus is on the FOMC announcement and press conference. Will we maintain our bullish trend, or are we at a potential inflection point? Where must SPX hold?

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.

We directly defended 6947 SPX/6977 ES overnight and dipped and defended 6961 in the regular session, leading to a high of day at 6988, reinforcing the importance of our key levels. Always trust the levels.

Now we are sitting in AH right on the key 6976 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

Overall, we experienced a solid .4% move higher today, albeit on lower volume, suggesting that while the upward momentum is there, the market may be cautious ahead of significant economic news.

For tomorrow, all eyes will be on the FOMC, particularly the statement and press conference. Traders should be prepared for potential volatility as the market digests any hints regarding future monetary policy. Watch for a trend change during or post-presser!

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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