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.

Reminder - I will never direct message you and ask you to trade with me or deposit money into an account. Even if it looks like me it is a scam. I wish I had ways to prevent those on social networks impersonating me. All I have is this letter which the premium subscription-only through beehiiv, opens up the discord.

In yesterday’s letter, I wrote:

This is what happened. We had a quick test below 5453 overnight and defended, then we opened and hit a low intraday of 5458 and rallied after some chop to the high at 5509.69, just below the 5510 level.

See how well the levels work?

Now that we rallied back to the top of the range, are we ready to breakout? What about the holiday volume and the shortened session? Where must we hold to keep a breakout alive?

More in the trade plan below.

The $SPX rallied 34 points from yesterday’s close. A thing of beauty on the 60 min.

I didn’t trade. The choppy, neutral price action in the morning had me hang it up and think we were going into holiday mode. That’s exactly when this melt up happens!!

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

Choppy in the morning, but then we went for it. Always trust the levels!

Now we are sitting in AH right above the 5502 key 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.

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.

Trading Plan

Here is a current check of the daily:

This includes all the way back to 1/5 & all overnight action.

Right back to the top of the range. Question is, do we reject and come right on back down or is it breakout time?

Quick volume check:

Not surprised with this lower volume. Interested to see what Friday could bring.

Tomorrow we have an interesting day of FOMC member speaking, unemployment data, PMI, and FOMC meeting minutes after the early close.

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.

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