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☕ SPY ZERO DTE (Pre-Market)
Date: Mon Aug 10, 2026 | Expiration: Aug 10, 2026
We study SPY and Trade SPX SPDR 500 ZERO DTE Index.
🎯 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 Mon Aug 10, 2026
| Snapshot | Value | Read |
|---|---|---|
| Spot | 773.375 | Pushing the highs under 774 |
| Max Pain | 765 | Magnet below (with the put wall) |
| Flip | 768.43 | Spot above the Flip → positive/supported regime |
| #1 Absolute | 770 | Net −4.9M — the hinge below spot |
LEVEL LADDER (high → low):
| Dir | Level | Role |
|---|---|---|
| 🟢 ▲ | 780 | Daddy Bull (+19M) — upside pin |
| 🟢 ▲ | 776 / 775 | Positive pin cluster — 775 = Mama Bull (+17.5M) |
| ☕ | 773.375 | WE ARE HERE (spot) |
| 🟡 | 772 / 771 | High-absolute pin/battle zone (calls ≈ puts) |
| 🟡 ◆ | 770 | #1 Absolute — net −4.9M hinge |
| 🔴 ▼ | 769 / 768 | Negative shelf (Flip 768.43) |
| 🔴 ▼ | 765 | Max Pain + Daddy Bear put wall (−17M) |
THE THREE PATHS:
| Path | Trigger → Target |
|---|---|
| 🟢 Bullish | Hold 771/772 → 775/776 pin → 780 |
| ⚪ Neutral | Chop 771–775 under the 774 high |
| 🔴 Bearish | Lose Flip 768.43 → 765 Max Pain |
⚡ OPENING NOTE
SPY Spot: 773.375 · Max Pain: 765 · Flip: 768.43.
📊 TV VALUES
SPY String — paste into QZ ALGO Daily Magnets:
776,775,780,773.375,765,768.43,770,768,765,770
SPX String:
7760,7750,7800,7733.75,7650,7684.3,7700,7680,7650,7700
Options Flow — VOLUME (Strike, Calls, Puts):
780, 62K, 0K
775, 79K, 8K
770, 16K, 69K
769, 5K, 40K
765, 1K, 43K
Options Flow — OPEN INTEREST (Strike, Calls, Puts):
780, 7K, 0K
775, 4K, 1K
770, 3K, 4K
769, 4K, 4K
765, 2K, 10K
🌡️ QZ TEMPERATURE
🌡️ SPY — Level then COLOR (Sign):
770 BLUE (Plus)
769 BLUE (Plus)
768 BLUE (Plus)
765 BLUE (Plus)
773 GREEN (Plus)
772 GREEN (Plus)
771 GREEN (Plus)
775 GREEN (Plus)
776 GREEN (Plus)
780 GREEN (Plus)
🧭 STRUCTURE CHECK
Market Structure (5 Min):
| Structure | Level | Status |
|---|---|---|
| HH (Higher High) | ~774.00 | Session high |
| HL (Higher Low) | ~770.90 (R1) | Uptrend support |
| Current | ~773.0 | Pushing back to the highs |
Q ALGO™ Status: 🟢 UPTREND — pushing the highs
SPY rallied to a Higher High near 774, pulled back to a Higher Low at ~770.9 (R1), based, and is now pushing back up toward 773 (near R3 773.63). Hold above the pivot (P 769.27) and R1/R2 and the 775 pin stays in play; lose R1/770 and the Flip and it slips toward Max Pain 765. (Structure chart reads ~773.0; the exposure snapshot reads spot 773.375 — aligned.)
📊 DECISION TABLE
| Level | What It Is | Action |
|---|---|---|
| 780 | 🎯 Daddy Bull (+19M) + Abs #7 | Upside pin/target |
| 776 | Baby Bull (+8M) | Pin |
| 775 | 🎯 Mama Bull (+17.5M) + Abs #5 | Positive pin above |
| 773.375 | ☕ WE ARE HERE (Spot) — 773 net +6.3M | Pushing the highs |
| 772 | Abs #3 (28.6M) — net ~flat | Pin/battle |
| 771 | Abs #6 (22.3M) — net ~flat | Pin/battle |
| 770 | 🎯 #1 Abs (38.1M) — net −4.9M | The hinge |
| 769 | Abs #2 (31.5M) — net ~flat | Battle |
| 768.43 | 🟠 FLIP | Regime gate |
| 768 | Mama Bear (−8.5M) + Abs #8 | Shelf below Flip |
| 765 | 🔵 MAX PAIN + Daddy Bear (−17M) + Abs #4 | Put wall / magnet below |
🎯 THREE BEARS / THREE BULLS (by MM Exposure size)
THE THREE BULLS (Positive):
| Bull | Strike | MM Exposure | OI | Volume |
|---|---|---|---|---|
| B1 = DADDY | 780 | +19.0M | 7.5K | 62.1K |
| B2 = MAMA | 775 | +17.5M | 4.5K | 86.2K |
| B3 = BABY | 776 | +8.0M | 2.5K | 44.7K |
B2 (775) also carries the heaviest bull volume — the pin at spot.
THE THREE BEARS (Negative):
| Bear | Strike | MM Exposure | OI | Volume |
|---|---|---|---|---|
| S1 = DADDY | 765 | −17.0M | 12.7K | 44.4K |
| S2 = MAMA | 768 | −8.5M | 5.3K | 46.9K |
| S3 = BABY | 770 | −4.9M | 7.9K | 85.2K |
🟢 Bullish tilt. Bulls 44.5M vs Bears 30.4M ≈ 1.46:1 — and the bulls sit at and above spot (pin up) while the bears sit below the Flip (amplify only on a break). Max Pain 765 and the Daddy Bear share a strike — the put wall / magnet below.
☕ RANGE ZONE
| Zone | Why |
|---|---|
| 770 — 775 | Spot sits between the 770 hinge / Flip zone below and the 775 pin above. While price holds above the Flip, positive exposure leans it toward 775; a strong trend is harder to form inside the band — the edges (775 up, Flip down) are where it moves. |
Commentary: 772 carries by far the highest total volume on the board (139K), with 771 (87K), 775 (86K) and 770 (85K) close behind — heavy two-way activity packed right under spot. 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
| Step | What We Check |
|---|---|
| 1 | LEVELS (from this newsletter) |
| 2 | 15-Min chart |
| 3 | 5-Min chart |
| 4 | 1-Min chart |
| 5 | BANDS |
| 6 | River |
| 7 | Volume Line (Fair Value) |
| 8 | Candle for Entry |
| 9 | Flip Line |
| 10 | Trend Context (Trend Engine) |
| 11 | Pivots |
| 12 | LQ Areas |
| 13 | Entry Candle |
| 14 | Flow |
| 15 | VSA + QVDD |
No Structure = No Trade. Not all checklist items need to align — build your edge based on your own edge. Positive/pinning day above the Flip: expect the grind toward 775, wait for a hold of 771/772 or a loss of the Flip.
⚖️ 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.
— Q Levels Trading | Coffee With Q ☕