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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.

In yesterday’s letter, I wrote:

This is what happened. We successfully defended the critical 5435 level, which allowed us to rally higher. We surpassed the 5490 target, reaching a high of 5497.91 before settling back. The bullish sentiment was evident, and the levels I pointed out were respected throughout the day.

See how well the levels work?

Now that we have pushed above first targets, what do we expect next? Will buyers continue to step in, or will we face challenges ahead? What supports below will guide us? Especially with CPI & PPI on the horizon…

More in the trade plan below.

Below, we’ll cover the actionable levels, how I played them today and what they mean for the next session.

Overall, levels played out nicely as we defended the 5435 area and rallied higher. With a close at the high of the day, we are looking at a promising setup.

Now we are sitting in AH right above the key 5487 support level. What does this mean and where do we go from here? Read below for my 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.

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Trading Plan

On the daily chart, we have broken yesterday's high and closed near the high of the day, up almost 1/2%.

Volume was decent, not weak, but a bit lighter than yesterday.

Tomorrow's focus will be on CPI data before the open and the 10-year bond auction in the afternoon. Additionally, tonight we have a key debate for the US Presidential Elections, which could also influence market sentiment.

I am receiving some great questions from beginners. This is helping me develop guides for this group as well as the course. More to come but I’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, I’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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