In yesterday’s letter, we wrote:

TThis is what happened. We opened strong but quickly ran into trouble at the 6692 level, which could not hold. This led to the failure of 6666, triggering the short entry as planned and pushing the SPX down to a low of 6645.58, right at the 6644 downside target indicated. The levels worked out perfectly, demonstrating the importance of sticking to our trading plan. $SPY ( ▼ 0.54% )  $SPX ( ▼ 0.55% )  $ES_F ( 0.0% )  

See how well the levels work?

Now, as we lost critical support and had our first downside test - how much more pain is ahead? Where must we reclaim to feel better about longs?

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 of the 6666 level brought up 6644 exactly. Always trust the levels.

Now we are sitting in AH right on the key 6664 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 market saw a modest 1/2% move lower on increased volume, indicating that sellers were indeed in control.

As we look ahead to tomorrow, we have new home sales data scheduled for the morning, along with at least one FOMC member speaking post-close. These events could influence market sentiment and lead to further volatility, so it’s essential to remain vigilant and stick to our levels of interest.

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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