In yesterday’s letter, we wrote:

This is what happened. The market experienced a rollercoaster today, with both bullish and bearish scenarios playing out. We started the day with a dip and defense at the critical level of 7507, which allowed us to rally all the way to the high of day at 7542.92. However, after failing to hold above the 7534 and 7520 levels, we lost 7507, resulting in a sharp drop down to a low of 7470.43. Then, we recovered back through 7478, 7495 and 7507, closing right at the 7520 support level. $SPY ( ▼ 0.37% ) $SPX ( ▼ 3.41% ) $ES_F ( 0.0% )

See how well the levels work?

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Now, as we look to tomorrow, how do we navigate this volatility? What levels must hold to continue a march higher and where is next target below if we can’t?

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 7507 level paved the way for both the long and short scenario. Always trust the levels.

Now we are sitting in after hours right on the key 7530 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.

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Today was a consolidation day to test lower supports and end the day down .38%.

Looking ahead to tomorrow, we have a light day for data releases and speeches due to the bank holiday. However, key employment data will return on Thursday morning, alongside multiple FOMC member speeches and a 30-year auction, which could influence market direction in the coming days.

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.