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In yesterday’s letter, we wrote:

TThis is what happened. We started the day with a positive tone after a solid dip and defense of the critical 6637 level overnight. This strong support held, allowing us to open higher and stay within a relatively tight range for most of the day. It wasn’t until after 2 PM that we finally broke out, propelling us through all our upside targets and closing just above the significant 6686 resistance level. $SPY ( ▲ 0.38% )  $SPX ( ▲ 0.41% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, looking forward, we closed the quarter on a high note, but the question remains: will we maintain this momentum? What levels need to hold to ensure continuation, and where do we focus for potential retracements?

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 6637 defense overnight coupled with the defense just above at 6641 in the regular session led us to (finally) breakout and target the 6686 resistance exactly. Always trust the levels.

Now we are sitting in AH right on the key 6670 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.

Trading Plan

Today’s session saw a solid .4% increase on higher volume, indicating strong buyer interest as we head into the new month.

For tomorrow, we have employment data just prior to the open with manufacturing PMI scheduled right after, alongside at least one FOMC member speaking throughout the trading day. These events could influence market sentiment and volatility, so we must stay alert and ready to adjust our strategies as necessary.

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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