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 Monday’s letter, I wrote:

This is what happened. The market opened, and we saw a push through 5491. We targeted 5507 and even made it up to a high of 5489.46. However, we didn’t maintain that strength throughout the day. We saw some back-and-forth movement that tested our key levels. Importantly, we managed to hold the must-hold levels of 5405 and 5392 repeatedly, showcasing some resilience even in after-hours trading.

See how well the levels work?

This brings us to the next question: where do we go from here? Are we setting ourselves up for another rally, or do we need to be cautious about potential pullbacks? The defense at 5405 and 5392 has proven effective, but with weaker momentum, we need to watch closely for any signs of weakness.

More in the trade plan below.

I had no trades today but will be back to trade tomorrow!

Now we are sitting in AH right above the key 5437 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:

The market saw a large candle testing the range as we consolidate.

Quick volume check:

We experienced decent volume today, higher than the previous two sessions.

Tomorrow is action-packed with employment data prior to the open, followed by the FOMC rate decision and press conference in the afternoon. Stay tuned for potential volatility as these events unfold.

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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