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In yesterday’s letter, we wrote:

This is what happened. The key levels played out effectively today despite some market chop. We saw a defense at the 7534 SPX level, which led to a nice rally up to 7554. However, we experienced a rejection from below this level, causing the price to drop to 7523. After a bounce, we faced further volatility, ultimately closing right at the critical support level of 7508, with a low of day recorded at 7508.68. $SPY ( ▼ 0.6% )  $SPX ( ▼ 0.57% )  $ES_F ( 0.0% )  

See how well the levels work?

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See the Plays

Now, the market is at an interesting crossroads. With price sitting near the top of its range, what are the next steps? Where do we find our ideal long entries, and how can we navigate potential volatility ahead?

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.

Despite the chop, the levels provided clear guidance on where to enter for quick bounces and where to avoid shorting too early (and avoid a painful hold). Always trust the levels.

Now we are sitting in after hours right on the key 7508 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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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 characterized as a consolidation day, showing small bounces of support throughout the decline.

As we look forward to tomorrow, we will be keeping an eye on day 3 of the G7 summit, a speech by Trump, as well as retail sales data and the key FOMC rate decision. These upcoming events have the potential to create significant market movements, so vigilance is key.

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.

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