☕ SPX  SPY ZERO DTE (Pre-Market)

🎯 QZ ALGO CREED — Probability Over Prediction

We don’t forecast. We read positioning — where Market Maker exposure sits, where the walls are, and how MM is priced across strikes. That tells us where price is constrained, not where it’s going. Structure decides the trade.

📋 EXECUTIVE DASHBOARD — SPY Fri Sep 4, 2026

LEVEL LADDER (high → low):

THE THREE PATHS:

⚡ OPENING NOTE

SPY Spot: 772.54 · Max Pain: 765 · Flip: 769.67. Big weekly, and price ripped ~7.6 points up — spot is now above the Flip (769.67) in a heavy positive cluster, sitting on the 772 call pin (+55.5M, #2 Abs), with 775 (Daddy Bull +90.7M) and 778 (+64.8M) the targets above. Below spot, the put clusters (support) stack: 765 (the monster — 55K puts / −84.2M / Max Pain), then 760 (~28K OI) and 764. 770 is a two-sided battle (net −3M) just above the Flip. Positive exposure holds price at/above spot, put support builds below — a supported/pinning weekly. Hold 772/770 → toward 775/778; lose 770 / the Flip → down into the 765/760 put clusters. Respect the weekly OI. 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:

772,778,775,772.54,765,769.67,764,760,765,765

SPX String:

7720,7780,7750,7725.4,7650,7696.7,7640,7600,7650,7650

(String order is B3,B2,B1,spot,maxpain,flip,S3,S2,S1,abs. The bears S3/S2/S1 = 764 / 760 / 765 ARE the put clusters — the support levels below spot. abs = 765, the #1 Absolute / monster put wall.)

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

778, 32K, 3K

775, 73K, 11K

772, 48K, 74K

770, 61K, 76K

765, 8K, 45K

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

778, 16K, 0K

775, 15K, 0K

772, 13K, 4K

770, 10K, 11K

765, 8K, 55K

🌡️ QZ TEMPERATURE

🌡️ SPY — Level then COLOR (Sign):

765 BLUE (Plus)

770 BLUE (Plus)

764 BLUE (Plus)

760 BLUE (Plus)

763 BLUE (Plus)

772 GREEN (Plus)

775 GREEN (Plus)

778 GREEN (Plus)

774 GREEN (Plus)

771 GREEN (Plus)

🧭 STRUCTURE CHECK

Market Structure (5 Min):

Q ALGO™ Status: 🟢 UPTREND (HH + HL) — pressing the highs

SPY ripped higher in a clean uptrend of Higher Highs and Higher Lows and is pressing near 773.2, above the Flip and on the 772 pin. Hold above 772/770 and the 775/778 targets are in range; lose 770/the Flip and it slips back toward the 765/760 put clusters. (Structure chart reads ~773.2; the exposure snapshot reads spot 772.54 — aligned.)

🎯 CONFLUENCE — ON THE 772 PIN ABOVE THE FLIP, PUT CLUSTERS 765/760 BELOW

Spot sits on a call pin in a heavy positive cluster. 772 (#2 Abs, +55.5M) is the pin right at spot, with 775 (Daddy Bull +90.7M, #4 Abs) and 778 (+64.8M) the targets above — a dense call cluster 771–778. Just below, 770 (#3 Abs, net −3M) is a two-sided battle at the Flip (769.67) — the hinge. Below that the put clusters stack: 765 (the monster — 55K puts, −84.2M, Max Pain), then 760 (~28K OI) and 764 — the support base. So the read is a supported/pinning weekly: hold 772 and the 770/Flip zone to press toward 775/778; lose 770 and the Flip and price has room down into the 765/760 put clusters. Calls (resistance) above, puts (support) below.

📊 DECISION TABLE

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

THE THREE BULLS (Positive):

B3 (772) is the #2 Absolute + the call pin right at spot; B1 (775) is the upside target.

THE THREE BEARS (Negative) — the put clusters:

🟢 Bullish / pinning. Bulls 211M vs Bears 96.8M ≈ 2.2:1 — but ~87% of the bear weight is the single 765 put cluster deep below at Max Pain (a floor), while the bulls (772/775/778) sit at and above spot. So it’s positive/pinning at spot with a deep put-support base; 770 is the balanced hinge at the Flip.

☕ RANGE ZONE

Commentary: 773 carries the highest total volume on the board (139K), with 770 (138K), 774 (127K) and 772 (122K) close behind — huge two-way churn across the 770–774 cluster at spot. Only strikes with a clean call/put split appear in the flow tables.

🔥 FRIDAY FACTOR (Weekly)

Ripped higher into the weekly. Price added ~7.6 points and now sits above the Flip in a heavy positive cluster, on the 772 call pin with 775 (+90.7M) and 778 the targets above. Below, the put clusters stack: 765 (monster, 55K puts) + Max Pain, then 760 and 764. Bullish/pinning weekly: hold 772/770 for the press toward 775/778; lose 770/the Flip for the drop into the 765/760 puts. Respect the weekly OI and the range.

🎯 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/pinning weekly at the highs: expect a pin/grind on 772 — wait for a clear of 773/775 up or a loss of 770/the Flip down.

✈️ 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

⚖️ 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.