Wednesday July 15 2026 SPY SPX ES Actionable Levels

$SPX dips & defends at exactly key must-hold support level to run it up. Is $SPY setting up for massive breakout?

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In yesterday’s letter, we wrote:

For tomorrow, we’re closely watching the key SPX levels of 7494, 7515, 7523 and 7536. With today’s slide down to the most critical support followed by a firm defense into the close, the selling pressure may be exhausted but we need a clear follow-through to confirm a turnaround. The bias will turn bullish if we can hold 7515 and bounce back above 7523. A push through 7523 can be taken as a long entry for an initial run to 7536. From that pivot, traders can look to add as we clear 7548. Beyond 7548, the next targets are 7560

If we cannot defend 7515 or reverse above 7523, the preferred strategy flips to the short side targeting 7494.

This is what happened. The levels played out as indicated. After a slight overnight slide below the key support of 7515, we hit the critical 7494 level but managed to defend it effectively. This defense set the stage for a significant bounce back. During the regular session, we saw a dip and a robust defense at the same pivotal level of 7515, (low of the day 7513.23). This powerful defense propelled us through the levels of 7523, 7536, and 7548, ultimately reaching a high of 7557.44-right at our 7560 upside target. $SPY ( ▲ 0.36% )  $SPX ( ▲ 0.38% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we reflect on today’s price action, has the market exhausted selling pressure? Where must we hold tomorrow to keep this move in play? Where is next target above?

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 at the key 7515 level in regular session set a clear direction for the day. Always trust the levels.

Now we are sitting in after hours right on the key 7544 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.

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Trading Plan

Today was a great day, showcasing a .4% move higher on average volume.

Looking ahead, tomorrow we have crucial PPI data scheduled before the open, alongside Fed Chair testifying and at least three FOMC members speaking throughout the day. These events have the potential to add volatility to the market, so staying alert and adaptable is key as we navigate through these developments.

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 don’t have to 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.

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

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