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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.

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First Few Lessons Already Launched - Order Now

Order Now - Mastering Emotions lesson launched 3/24 and new lesson soon.

In Friday’s letter, I wrote:

This is what happened. We chopped in a tight range until we stabbed down, defended 5286 with a cut below (low of 5280.89) and then jumped up above 5286 and ran back to 5307.39.

See how well the levels work?

Now that we’ve chopped around some more in this range but defended the key level, where do we head from here? What is the significance of today’s price action and volume? Where must we defend now to get back to the top of the range and new all time highs?

More in the trade plan below.

Unfortunately for me, I had to run an errand during the entry I called out in Friday’s letter, the reclaim of 5286. I had no trades today!

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. It was a pretty tight range until the dip to 5280 and reclaim of 5286. Always trust the levels!

Now we are sitting in AH right above the key 5304 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 1/5 & all overnight action.

A doji candle including the weekend futures action.

Quick volume check:

A bit more volume on this Tuesday.

We have at least one FOMC member speech during the trading session tomorrow.

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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