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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson just launched 3/24 and new lesson this week!

In yesterday’s letter, I wrote:

This is what happened. We eventually lost 5079 in the regular session and the chop became a dramatic sell with a final flush of 5030 and close to 5020 in the final minutes of the regular session.

See how well the levels work?

Now that we gave back much of last week’s rally prior to FOMC, where do we head tomorrow? What are the must hold levels below and targets above that helps us trade the rest of the week?

More in the trade plan below.

The $SPY 3DTE 510 calls ran from a low of $180 to $229 = 27% gain.

I tried the long with these 3DTE off the 5079 must hold level. It ended up being a loss. It was the only trade I took today. I almost exited half for a slight profit before we dipped. Unfortunately we did not hold 5079 and these were stopped out for a .20 loss. I almost traded short several times after but I couldn’t commit. Would have been great though! 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 helpful. We lost the key level noted above and then after some chop we continued lower. I did not expect such a flush end of day but wish I could go back in time for it. Always trust the levels!

Now we are sitting in AH right above the key 5022 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.

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Trading Plan

Here is a current check of the daily:

This includes all the way back to 10/4 & all overnight action.

Lower low brings us back to the zone from a few sessions ago.

Quick volume check:

Relatively lower volume on the daily awaiting FOMC tomorrow.

Tomorrow we have a number of reports in the morning including PMI & employment data but the big one is FOMC in the afternoon.

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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