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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.

In yesterday’s letter, I wrote:

This is what happened. However, the best we got was a dip to 5700 in the regular session so I didn’t take it. Still, the levels played out remarkably well, especially with the overnight rally pushing us up to the 5741 SPX level. We then saw a dip to defend at 5715, and push to 5720.

See how well the levels work?

During the regular session, while we defended at 5700, I had already mentioned that I wasn't interested in longing that dip and was looking for lower entries. Turns out I missed 30+ points but am fine waiting for more volatility.

Now that we are just chopping away right at all time highs, how much more is left in the tank? Should we find the best entry we can and hope or await first major retest?

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.

Levels played out great especially the overnight defense of 5715 and prior rally to 5741. Always trust the levels.

Now we are sitting in AH right above the key 5733 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.

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.

Trading Plan

While we did achieve a green pop to fresh all-time highs, the volume remains weaker over the last two sessions. This raises questions about the sustainability of this move.

Looking ahead, tomorrow we have new home sales data and a speech from an FOMC member after the close. It will be essential to monitor these economic indicators and any potential market reactions as we navigate through this volatile environment.

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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