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In yesterday’s letter, we wrote:

This is what happened. The market experienced a challenging session today as we watched the critical level of 7665. After giving it up overnight, we saw a hard fall that was briefly followed by a bounce, but another rejection (this time from below 7665) set the stage for further declines. We dropped down to 7624, where we managed to bounce again in the regular session, but we ultimately failed to recover back above 7665, marking the high of day at 7663.63. Then we dropped again through 7653, 7640, 7624 and to low of day 7611.20 - right at our 7607 downside target. $SPY ( ▼ 0.69% )  $SPX ( ▲ 2.63% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, with the loss of 7665 and subsequent breakdown through key supports - where do we find stability? What must we see to regain confidence in bullish positions?

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 loss and subsequent rejection from below of 7665 was the key indicator of direction today. Always trust the levels.

Now we are sitting in after hours right on the key 7637 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 was a significant .7% down day, with a considerable volume suggesting strong selling pressure.

Looking to tomorrow, we have crucial employment data slated for release before the open, followed by factory orders and oil data after the bell. Additionally, keep an eye on developments regarding Iran, as geopolitical factors could impact market movements.

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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