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In yesterday’s letter, we wrote:

This is what happened. While we didn’t quite reach the 6531 target, we successfully defended the 6495 level overnight, which allowed for a nice run-up of 20 points. Then, during the regular session, we held the 6478 level effectively on a dip and managed to grind up to the 6519 target, reaching a high of 6518.23 on the day. $SPY ( ▲ 0.28% )  $SPX ( ▲ 0.26% )  $ES_F ( 0.0% )  

See how well the levels work?

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Now, as we look ahead, the market seems poised for potential volatility as we prepare for important economic data. What levels should we keep an eye on moving forward?

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 overnight defense of 6495 and intraday regular session defense of 6478 were key support levels for a higher push. Always trust the levels.

Now we are sitting in AH right on the key 6519 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 was characterized by a slow, steady grind higher of roughly quarter percent on average volume.

Tomorrow, we expect increased volatility with all eyes on the PPI data being released prior to the open, followed by the CPI report Thursday morning. These events could certainly sway market sentiment and direction.

Make sure to stay tuned for potential opportunities based on the reactions we see to this economic data.

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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