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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.

In yesterday’s letter, I wrote:

This is what happened. The levels played out tremendously well as we actually got the dip and defense at 5966 just as planned, with the SPX printing a low of 5960 before bouncing back up impressively, reaching above the 5997 level and gaining 40 points from the lows.

See how well the levels work?

Now that we had a nice dip but lows defended on higher volume, where do we go from here? Where does CPI take us in the AM and what levels must defend to prevent a large selloff?

More in the trade plan below.

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

The levels were spot on as we had the dip below and defense at 5966 to then run 40 points higher. Always trust the levels.

Now we are sitting in AH right above the key 5978 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.

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.

Trading Plan

The red daily candle that formed at the close defended the low of day, but still ended lower, indicating some selling pressure despite the bounce.

We noted much higher volume than in the prior three sessions, suggesting increased market activity and potentially more volatility ahead. As we look toward tomorrow, we should keep an eye on how this volume translates into momentum and price action in the coming sessions.

Tomorrow all eyes are on CPI in the AM before market opens. Then, we have 4 FOMC members speaking during the trading session.

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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