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In yesterday’s letter, we wrote:

This is what happened. The levels played out beautifully despite a tight range for the first few hours of trading. Overnight, the dip and defense at the 6872 level was key, with the market rallying 20 points from that support. In the regular session, we saw another dip and defense at the same level (low of day at 6870.73), followed by a significant rally that pushed us to a high of day at 6911.3. $SPY ( ▲ 0.27% )  $SPX ( ▲ 0.23% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we head into a crucial FOMC day, the market is in a strong position, but the upcoming announcements could bring volatility. How will we navigate this? What levels do we need to pay attention to in the wake of FOMC?

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 double defense of the key 6872 SPX support was on point as we then rallied all the way to high of day 6911.3 - 40 points above. Always trust the levels.

Now we are sitting in AH right on the key 6890 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 session concluded with a quarter percentage point gain, showcasing resilience even on continued low volume as we approach the FOMC meeting. The focus will be on the rate decision, the accompanying statement, and the press conference that follows.

As we look ahead, tomorrow’s FOMC meeting will be a pivotal moment for the market. We will need to remain vigilant and prepared to adapt our strategies based on the outcomes of this important event.

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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