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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.

First Few Lessons Already Launched - Order Now

Order Now - First few lessons launched on 2/19!

What we’re reading:

In yesterday’s letter, I wrote:

This is what happened. We didn’t need to retest the 5110 overnight, only getting down to the 5120 area and then defending with a nice rally premarket. Then, after some defenses of 5132 it was all up from there through 1st & 2nd targets above and hitting a high of 5180.31 just above the 5179 second target.

See how well the levels work?

Now that we bounced back to the highs of this new range, on the eve of FOMC, where do we head from here? What are the must hold levels that give us a shot at a breakout and what levels below tell us we are destined to breakdown lower?

More in the trade plan below.

The $SPX 0DTE 5155 calls ran from a low of $180 to $2560 = 1,322% gain.

I traded these called out in the chat from $320 to $900 for 181%. Turns out I could have held a lot longer! More in the trade recap below.

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

Levels from the prior letter were great. When we didn’t need to retest lower and we defended at my long zone of 5132 in the morning it was a good entry. I could have had a better entry on my trade if I was more patient, but good enough. Always trust the levels!

Now we are sitting in AH right on the key 5171 support level. What does this all 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 6/29 & all overnight action.

Back at the highs of new range!

Quick volume check:

Super low volume again just like yesterday as everyone awaits FOMC!

Tomorrow all eyes are on FOMC statement and the presser.

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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