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In yesterday’s letter, we wrote:

This is what happened. Today was characterized by consolidation, with the SPX oscillating between key levels. We hit a high of day at 7782.19 shortly after the open, just above our target of 7774. However, we couldn’t maintain that level and subsequently dropped to the 7751 support, marking a low of day at 7756.26. The market then defended this support and rallied back up through the 7774 target prior to a closing dip. $SPY ( ▼ 0.02% )  $SPX ( ▲ 4.64% )  $ES_F ( 0.0% )

See how well the levels work?

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Now, as we prepare for tomorrow, what levels below us are key to hold and what targets above are in-play if we do?

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 7751 and 7774 held firm keeping us squarely between for most of the day. Always trust the levels.

Now we are sitting in after hours right on the key 7760 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 trading was largely unchanged, and the consolidation was noted on average volume, indicating a lack of conviction from either buyers or sellers.

Looking ahead, we have services and manufacturing PMI data scheduled for release in the morning, along with an FOMC member speaking during the session. These events could introduce some volatility, so we must stay alert and ready to adapt 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 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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