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In yesterday's letter, we wrote:

This is what happened. Today’s trading session unfolded beautifully according to our plan. We not only defended the crucial 6890 support level overnight (EXACTLY) but also saw a significant dip and defense of the 6911 level during the regular session. This setup provided traders with a perfect opportunity to capitalize on the bullish momentum, leading to a strong rally all the way to the high of day at 6948.69—just shy of our target at 6953 and a remarkable 58 points above our key long dip and defense level. $SPY ( ▼ 0.01% )  $SPX ( ▲ 0.01% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we celebrate this impressive gain, we must consider our next steps. How will we maintain this momentum? What levels should we watch to ensure we stay on track for sustained push higher?

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.

Both the defense of 6890 overnight AND the 6911 dip & defense during the regular session were key indicators we were going higher. Always trust the levels.

Now we are sitting in AH right on the key 6942 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 .6% move higher was supported by decent volume, indicating strong buying interest.

As we look ahead to tomorrow, we have crucial employment data set to be released before the market opens, followed by additional jobs data (JOLTS) later in the day. It’s also wise to keep a close eye on any news emerging from the administration regarding Venezuela or Greenland, as these could potentially impact market sentiment.

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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