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In yesterday’s letter, we wrote:

This is what happened. Today’s trading session saw the market navigate some significant levels with remarkable precision. Overnight we saw the dip and defense at the critical 6730 SPX level, which propelled us to a high of 6761 before settling at 6748. However, the morning session brought some challenges as we lost supports at both 6730 and 6710, but most importantly, we held firm at the key support level of 6697, with a low of day recorded at 6699.96. $SPY ( ▲ 1.18% )  $SPX ( ▲ 1.23% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead, we need to assess the market’s strength and determine our next steps. How will the market react to the upcoming economic data? Where do we see the next potential support and resistance levels forming?

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 dip and defense overnight at 6730 that ran to breakout high 6761 before testing lows of the range and defending the key must hold 6697 are all powerful examples of the support & resistance entry points. Always trust the levels.

Now we are sitting in AH right on the key 6711 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 resulted in a .38% move down on high volume, indicating that while sellers are present, there’s still the potential for upward momentum if key supports hold.

Looking ahead to tomorrow, we have a busy schedule with FOMC meeting minutes, a 10-year bond auction, and at least six FOMC members speaking throughout the day. These events could significantly impact market sentiment, so we must stay alert and ready to adjust our strategies.

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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