In yesterday’s letter, we wrote:

This is what happened. We defended 6178 overnight, held 6188 multiple times throughout the day, and made a run up to 6209, reaching a high of 6210.78 where we rejected the breakout opportunity. $SPY ( ▼ 0.03% )  $SPX ( ▼ 0.11% )  $ES_F ( 0.0% )  

See how well the levels work?

See how well the levels worked?

Now with a decent breather in place and a long weekend ahead, where do we go from here? What level is now must-hold and what is next key 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 defense at 6178 and again at 6188 multiple times as support was key as well as the 6209 rejection - we were stuck in-between! Always trust the levels.

Now we are sitting in AH right on the key 6195 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 was a tight consolidation day on decent volume.

Looking ahead, tomorrow brings the ADP payroll numbers prior to the open, which could inject some volatility into the market. Given the proximity to the July 4 holiday, we're likely to see lighter volume as traders begin their holiday early.

Let's remain vigilant for opportunities as we continue to monitor the critical levels discussed. The tight consolidation indicates that a significant move could be on the horizon once the market shakes off this stagnation.

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.

Subscribe to Premium to read the rest.