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In Friday’s letter, we wrote:

This is what happened. We witnessed a strong move higher overnight, initially hitting resistance right at 7551. Following that, we dipped down to the critical support level of 7507, which we successfully defended during the regular session. This led to a rally all the way up to a high of 7539 before a slight pullback occurred. The market continued to fight with the 7507 level in a period of consolidation before finally moving higher into the close. $SPY ( ▲ 0.61% )  $SPX ( ▲ 0.67% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead - what levels are we watching for a breakout? Where do we need to hold to maintain this bullish momentum?

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 defense of 7507 overnight as well as continued defense in the regular session were pivotal moments that told the direction & entry story. Always trust the levels.

Now we are sitting in after hours right on the key 7519 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’s market saw a solid .6% move upward on average volume, signaling some strength.

Looking ahead to tomorrow, we can expect at least four FOMC members to speak and employment data to be released in the morning. These events are likely to add some volatility to the market, so it’s essential to stay alert and prepared for any shifts in sentiment.

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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