📋 EXECUTIVE DASHBOARD — SPY Mon Sep 14, 2026

LEVEL LADDER (high → low):

THE THREE PATHS:

⚡ OPENING NOTE

SPY Spot: 764.48 · Max Pain: 759 · Flip: 773.4. Big reversal. Friday’s monster-bear lows (~758) bounced ~6.5, and — more important — the board has flipped GREEN (positive net) from ~759 up. This is the navy/blue NET chart, so the whole board reads (Plus) — blue below zero, green above, no red today. 765 is now a mega magnet: #1 Absolute (61.8M), +28.8M net, call-heavy (6,907 calls vs 2,511 puts) on a massive 206K volume — price is essentially glued to it. Positive-net = pinning / mean-reversion, so this is a calmer, magnetized tape versus last week’s amplification. Call-side magnets stack above (767 +16.7M, 770 +11.2M). It’s still below the Flip (773.4), so this is a positive pin shelf, not a full bull regime — Max Pain 759 is the downside magnet if the green shelf (762/760) fails, with deep blue floors at 755/750/745. Hold 765 for a grind to 767/770; lose 760 for the fade to 759. Read it with structure — no levels, no trade.

📊 TV VALUES

📌 OI / Levels Note: These are pre-market LEVELS — a positioning snapshot taken before the open. Open Interest and MM exposure shift as the live chain updates through the session, so treat these as the map and the bias, not real-time truth.

SPY String — paste into QZ ALGO Daily Magnets:

770,767,765,764.48,759,773.4,750,755,745,765

SPX String:

7700,7670,7650,7644.8,7590,7734,7500,7550,7450,7650

Options Flow — VOLUME (Strike, Calls, Puts):

770, 28K, 3K

767, 41K, 18K

765, 81K, 126K

760, 4K, 32K

755, 1K, 12K

Options Flow — OPEN INTEREST (Strike, Calls, Puts):

770, 5K, 2K

767, 3K, 0K

765, 7K, 3K

760, 3K, 3K

755, 1K, 4K

🌡️ QZ TEMPERATURE

🌡️ SPY — Level then COLOR (Sign):

765 GREEN (Plus)

767 GREEN (Plus)

770 GREEN (Plus)

764 GREEN (Plus)

762 GREEN (Plus)

760 GREEN (Plus)

755 BLUE (Plus)

750 BLUE (Plus)

745 BLUE (Plus)

This is the navy/blue NET chart → the whole board is (Plus). Green = above zero, BLUE = below zero. The below-zero strikes (745/750/755) are BLUE (Plus), NOT red — do not mark them red. SIGN IS TRUTH: color comes from the chart bar, and today no bar is red.

🧭 STRUCTURE CHECK

Market Structure (5 Min):

Q ALGO™ Status: 🟢 UPTREND (HH) — above all pivots, pulling back into the 765 magnet

Price rallied to a higher high near 766 and is above every day-pivot (R3 761.66), now pulling back a touch to ~764.2 — right into the 765 mega magnet. Hold 765 / R3 (761.66) and the grind can continue to 767/770; lose them and the pull is toward Max Pain 759. (Structure reads ~764.2; the exposure snapshot reads spot 764.48 — aligned, both pinned at 765.)

🎯 CONFLUENCE — POSITIVE SHELF, PINNED TO THE MEGA MAGNET

The regime flipped: positive net exposure now dominates from ~759 up, and 765 is a mega magnet pulling price to it. #1 Abs (765, 61.8M, +28.8M) sits right at spot with heavy call OI — on a positive-net board that means pinning, not a wall to fear; price gravitates to and hangs around it. Above, 767 (PCR 0.11) and 770 are more positive magnets — a grind-up path if 765 holds. Below, the green shelf (762/760) sits over Max Pain 759 (the blue/green boundary) and then blue floors at 755/750/745. Two caveats keep this honest: (1) it’s still below the Flip (773.4), so it’s a positive pin shelf, not a confirmed bull regime; (2) 765 is call-heavy, so a decisive break above it can accelerate up (dealers chase), while a loss of the 760/759 shelf drops back toward the blue zone. Pin/grind is the base case.

📊 DECISION TABLE

🎯 THREE BEARS / THREE BULLS (by MM Exposure size)

THE THREE BULLS (Positive):

B1 (765) is the mega magnet/pin at spot; B2/B3 (767/770) are the grind-up path above.

THE THREE BEARS (Negative):

🟢 Bulls dominate. Bulls ~56.7M vs Bears ~16.9M ≈ 3.4:1. The bears are tiny and deep (745–755) — no real overhead resistance, just far-below blue floors. All the size is in the positive magnets around/above spot. (Note: the “bears” carry negative net exposure, but on this navy chart their QZ Temperature is BLUE (Plus) — two different things: exposure sign vs chart color.)

☕ RANGE ZONE

Commentary: 765 carries an enormous 206K total volume (put vol 126K vs call vol 81K) — the whole tape is trading around this one magnet. 764 (~102K) and 767 (~59K) follow. Only strikes with a clean call/put split appear in the flow tables.

🎯 Q ALGO™ CHECKLIST — WE DON’T TRADE EMOTIONS, WE LOOK FOR CLUES

No Structure = No Trade. Not all checklist items need to align — build your edge based on your own edge. Positive pin day: respect the 765 magnet (hold = grind up to 767/770) and 760/759 (lose = fade to the blue zone). Pinning dampens moves — don’t expect Friday’s range; trade the mean-reversion around 765 with structure.

✈️ Pilots — read the live chain at the open. These newsletter values are pre-market LEVELS; the options chain is real-time data. Check the live chain around 9:45–10:00 AM ET, once conditions settle, and confirm the walls are still where the letter has them. Levels give you the map and the bias — the live chain is the truth at the open, so weight your reliance accordingly before you trade.

📋 OI TABLE — SUPPORT vs RESISTANCE (Spot-Anchored)

CALL MM LEVELS (RESISTANCE) — MM sold calls here, defends up:

PUT MM LEVELS (SUPPORT) — MM sold puts here, defends down:

⚖️ Disclaimer

This is not investment advisory. I’m not calling trades. I’m teaching you to think. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The IKIGAI Algo and any associated indicators, tools, or educational materials are provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. You should consult with a qualified financial advisor before making any trading decisions. Q Levels and affiliated parties are not registered investment advisors, broker-dealers, or financial planners. By participation, you acknowledge you are solely responsible for your own trading decisions and any resulting gains or losses. No guarantees of profit or specific results are made or implied. All sales are final. Please trade responsibly and only risk capital you can afford to lose. Errors and omissions excepted.