In yesterday's letter, we wrote:

This is what happened. The levels played out incredibly as we had the anticipated breakout move above 6040 following after-hours news and never looked back. The market surged all the way up to the 6104 key resistance target, falling just 2.25 points shy of that level at a high of 6101.76. This breakout was highly bullish, reaffirming the upward bias we mentioned in the previous letter. $SPY ( ▲ 1.11% )  $SPX ( ▲ 1.11% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now that the breakout has taken place, how much more room is left for SPY? Where is the next consolidation range and where must we hold to keep this move alive?

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.

Given the strength of today’s move, traders who were positioned correctly likely saw fruitful returns. Holding above 6040 proved critical, and we swiftly targeted the next levels without much hesitation. Always trust the levels.

Now we are sitting in AH right on the key 6089 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.

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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 marked a substantial over 1% green day, though it was on lighter volume, indicating some caution among traders.

Looking ahead, we have continued testimony from Powell and new home sales data to watch, which could inject some volatility into the market. Keep an eye on those developments as they may influence trading decisions moving forward.

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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