Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

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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. The market defended the 5618 level overnight and surged right into the open, reaching as high as 5663, which was one of our targets. However, we couldn't quite reach the 5675 level. After hitting this high, the market pulled back and closed at 5634, right on target with the 5633 level I provided yesterday.

See how well the levels work?

Now that we are moving swiftly towards the upper targets, how do we navigate the potential volatility as we approach the FOMC meeting tomorrow? What levels will be critical for support and potential reversals?

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.

We defended 5618 overnight to then blast up into the open all the way 5663 target - couldn't quite reach 5675 - but then dropped to close at 5634 - right at the 5633 level provided yesterday. Always trust the levels!

Now we are sitting in AH right above the key 5636 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

Despite the upward movement, we closed with a doji on the daily chart, indicating indecision in the market.

Volume remained strong ahead of the FOMC rate decision, which is capturing the attention of all traders. This could set the stage for significant movement based on the anticipated outcomes of the rate decision tomorrow.

As we gear up for this pivotal event, keep a close eye on the levels mentioned above and how the market reacts to the news.

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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