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In yesterday’s letter, we wrote:

This is what happened. We experienced a dip and defense overnight at 7569 - right after losing the 7584 key support. This set the stage for a solid opening. Then, just before the market opened, we defended the 7584 level, (low of day 7582.99) allowing SPX to surge through our targets of 7601 and 7617, ultimately reaching a high of 7620.9. $SPY ( ▲ 0.12% )  $SPX ( ▲ 0.15% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we maintain our upward bias, the focus shifts to how we can sustain this momentum. What levels must we hold to prevent any pullbacks, and where can we look for potential targets 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 successful defense at 7584 was a critical move, highlighting the importance of patience and following key supports. Always trust the levels.

Now we are sitting in after hours right on the key 7615 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 positive consolidation day, ending 0.2% higher on lower volume, this suggests that the market is maintaining strength but may need a robust push from upcoming data to continue its upward trajectory.

Looking ahead to tomorrow, we have key employment data scheduled for release in the morning, alongside services PMI and speeches from at least two FOMC members and the Treasury Secretary. These events could significantly influence market sentiment and direction, so staying alert and ready to adapt is crucial.

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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