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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 market opened after having an overnight defending the lows and then finally giving way to the 5747 failure after the open after falling short of the breakout point at 5761 with a high at 5757.73. Then falling to a low just above the 5678 level at 5681.28 before bouncing back to close at 5708.

See how well the levels work?

Now, with the market printing an outside day and holding up through the session, what’s the outlook moving forward? What key levels must we keep an eye on to avoid another significant drop?

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.

The levels I mentioned played out well; had we failed to hold 5726, we would have seen a drop to 5681.28, just above the key support level of 5678 that I highlighted in my previous letter. The potential short trade at 5726 would have provided a clear indication of the market's direction, leading to a drop as indicated. Always trust the levels.

Now we are sitting in AH right above the key 5696 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.

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Trading Plan

We finally got a bit of a dip, albeit a minor one compared to what it could have been, as we defended the lows throughout the day. Volume was highly elevated, which is a critical factor to watch.

Tomorrow, we have the ADP employment report and at least four FOMC members speaking, which could introduce additional volatility into the market. Keep an eye on geopolitical developments, particularly regarding Iran and Israel, as they may influence trading sentiment and market movements.

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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