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In yesterday’s letter, we wrote:

This is what happened. Today was marked by consolidation as the SPX defended the critical 7787 level, closing unchanged. We witnessed a low of 7786.11, spot on to the 7787 must-hold level, while the high of day reached 7814.15, indicating a tight range and a battle at the 7807 ceiling. $SPY ( ▼ 0.01% )  $SPX ( ▼ 0.56% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we head into tomorrow, we are left wondering how long this consolidation can hold. What levels must we focus on to maintain our bullish bias amid potential CPI volatility?

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 defense of 7787 (low of day 7786.11) was spot on exact. Despite the consolidation this kept the range alive and we went up from there. Always trust the levels.

Now we are sitting in after hours right on the key 7808 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.

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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.

Trading Plan

Today’s price action was characterized by higher volume, signaling that while the market is in consolidation, participants remain active.

For tomorrow, we have CPI data to digest prior to the open, alongside three FOMC members speaking throughout the day. These events could introduce volatility, and we must stay alert to how they impact our key levels.

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.

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