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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 fantastically today as we saw a dip and defense at 5726, which was a critical support level. Once we established that base, the market rallied impressively, taking us all the way up to just above the 5777 target, with a high of 5783.44.

See how well the levels work?

Now that we’ve seen a strong rally, what’s next? Will we continue to push higher, or is the market setting itself up for a pullback? Which way will election results (whenever they do come in) push us?

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 fantastic with the dip & defense at 5726, this was the key trigger that then took us all the way above the 5777 target. Always trust the levels.

Now we are sitting in AH right above the key 5789 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.

Today we had a massive rally on lower volume resulting in a big green candle on the daily chart.

Tomorrow, we have the volatility of election results or non-results to consider. Today’s action saw a massive rally on lower volume, resulting in a big green candle on the daily chart. Additionally, we have the 30-year bond auction to contend with, which may further influence market movements.

As always, stay alert and follow your plan as we navigate through potentially turbulent waters.

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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