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In yesterday’s letter, we wrote:

This is what happened. Overnight we had a beautiful dip and defense at 6690 SPX, then pushed up toward 6725 before settling into consolidation. Then, in the regular session, price gave us a quick shakeout, dipping to 6674 and tagging our 6659 support almost to the penny (low of day: 6659.98). From there, buyers stepped in, and we reclaimed 6675 and 6690, then powered straight through every upside resistance level on the sheet, ultimately reaching near our 6779 target(high of day: 6776.4). Picture perfect levels. $SPY ( ▲ 0.94% )  $SPX ( ▲ 0.91% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we reflect on the day’s trading, what levels should we focus on to maintain our bullish stance? Where is the next resistance, and how can we continue to navigate this upward trend effectively? Are we now setup to rest for turkey day?

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 6659 defense (to the penny practically) and the reclaim of 6690 to run nearly to 6779 target are textbook examples of the levels at work. Always trust the levels.

Now we are sitting in AH right on the key 6764 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.

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Trading Plan

Today’s performance delivered a solid 1% gain, albeit on lower holiday volume, which is typical as we approach the Thanksgiving break.

Looking ahead, tomorrow brings critical unemployment data before the market opens, followed by durable goods orders and Chicago PMI data. Given the holiday season, we can expect continued lower volume, making it crucial to stay alert and ready to adjust our strategies based on incoming data.

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 can not 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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