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In Friday’s letter, we wrote:

This is what happened. The levels played out wonderfully today as we experienced the anticipated short move with a failure at 5868 overnight, which led us down to a low of 5827 before the market bounced back. We managed to reclaim 5868 during the regular session, and from there, we rallied all the way up to a high of 5923.51, just above the 5920 target.

See how well the levels work?

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Now that we’ve successfully navigated this bounce, the question becomes: Are we set to continue this upward trajectory? What levels will we need to hold to confirm this bullish sentiment going forward?

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.

Levels played out great. 5868 was the key today, overnight the short entry on failure for a 40 point sell off or reclaim in the regular session for a 55 point rally. Always trust the levels.

Now we are sitting in AH right below the key 5919 resistance 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.

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

The overall movement today was a nice push higher supported by decent volume, which is exactly what we want to see if we are aiming to conclude the short-term sell-off.

For tomorrow, we should be aware that there will be at least three different FOMC members speaking during the regular session, which could introduce additional volatility and market movements.

We remain on alert for any potential shifts in sentiment that these announcements might provoke, and as always, we will be closely monitoring our key levels to guide our trading decisions.

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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