VIP Content - Enter Email to Unlock
This content is exclusive to IKIGAI VIP members. Enter your registered email below to access the full EDGE analysis.
Not a VIP yet? Join IKIGAI Trading Academy
☕ SPY ~ SPX ZERO DTE VIP Levels
Date: Wed Jul 15, 2026 | Expiration: Jul 15, 2026
We study SPY and Trade SPX SPDR 500 ZERO DTE Index.
⚡ OPENING NOTE — GRIND WATCH
Heads up, pilots. Today’s board flips back to net positive Market Maker exposure — and it’s heavy, stacked at 757. In plain terms: the Market Makers are positioned to cushion moves rather than fuel them. Translation for us — expect more of a grind with tighter swings than yesterday’s volatility.
Price tends to get pulled toward the big wall (757) and pinned. Still: no levels = no trade. Let structure confirm, and don’t chase the chop inside the band.
📊 TV VALUES
SPY String — paste into QZ ALGO Daily Magnets:
754,755,757,753.1,750,750.18,751,749,745,757
SPX String:
7540,7550,7570,7531,7500,7501.8,7510,7490,7450,7570
Options Flow — VOLUME (Strike, Calls, Puts):
757, 54K, 1K
755, 84K, 3K
754, 79K, 0K
751, 60K, 62K
750, 39K, 69K
749, 0K, 49K
745, 1K, 45K
Options Flow — OPEN INTEREST (Strike, Calls, Puts):
757, 42K, 0K
755, 7K, 1K
754, 6K, 0K
751, 2K, 4K
750, 9K, 7K
749, 0K, 5K
745, 1K, 28K
🧭 STRUCTURE CHECK
Market Structure (5 Min):
|
Structure |
Level |
Status |
|---|---|---|
|
HH (Higher High) |
752.77 |
Structure Target |
|
HL (Higher Low) |
751.71 |
🔑 KEY LEVEL — break below = LL |
Q ALGO™ Status: 🟢 HH + HL = BULLISH
We closed at 753.1, above the HH (752.77), above the Flip (750.18), and above Max Pain (750). Remember HL = 751.71 — that is the line in the sand. Structure stays bullish while 751.71 holds; a break below flips it to a Lower Low and opens the pivot at 750.
🎯 CONFLUENCE — 757 IS THE MONSTER
757 is the single biggest wall on the board: the #1 Absolute MM Exposure (168.9M) and the Daddy Bull (+167.6M) — several times larger than anything else. It acts as both a magnet pulling price up and a ceiling that caps it. Expect price to lean toward 757 on strength and stall there until it breaks and holds.
Second confluence — the 750 floor: Max Pain (750) and the Flip (750.18) sit right on top of each other. That makes 750 the single pivot — above it bulls run the show, below it the tone turns. Hold 750 and the grind stays up.
📊 DECISION TABLE
|
Level |
What It Is |
Action |
|---|---|---|
|
757 |
🎯 B1 / DADDY Bull (+167.6M) + #1 Abs (168.9M) |
Monster ceiling / magnet |
|
755 |
B2 / MAMA Bull (+38.8M MM Exposure) |
Bull target |
|
754 |
B3 / BABY Bull (+18.9M MM Exposure) |
Call support on the way up |
|
753.10 |
☕ WE ARE HERE (Spot) |
— |
|
752.77 |
HH — Structure Target |
Above = bullish continuation |
|
752 |
Abs #5 — highest total volume (173K) |
Battle strike |
|
751.71 |
🔑 HL — Key Level (break below = LL) |
Bull structure support |
|
751 |
S3 / BABY Bear (-6.7M MM Exposure) |
Minor bear |
|
750.18 |
🟠 FLIP |
Above = Bulls (we are above) |
|
750 |
🔵 MAX PAIN + #2 Abs (79.6M) |
MM magnet / pivot floor |
|
749 |
S2 / MAMA Bear (-10.5M MM Exposure) |
Bear pocket |
|
745 |
👹 S1 / DADDY Bear (-63.1M MM Exposure) |
Main downside target |
🎯 THREE BEARS / THREE BULLS
THE THREE BULLS (by MM Exposure size):
|
Bull |
Strike |
MM Exposure |
OI |
Volume |
|---|---|---|---|---|
|
B1 = DADDY |
757 |
+167.6M |
42.5K |
55.7K |
|
B2 = MAMA |
755 |
+38.8M |
8.3K |
87.2K |
|
B3 = BABY |
754 |
+18.9M |
6.3K |
79.4K |
B1 (757) is also the #1 Absolute Exposure strike — see Confluence above.
THE THREE BEARS (by MM Exposure size):
|
Bear |
Strike |
MM Exposure |
OI |
Volume |
|---|---|---|---|---|
|
S1 = DADDY |
745 |
-63.1M |
28.6K |
45.9K |
|
S2 = MAMA |
749 |
-10.5M |
4.9K |
48.7K |
|
S3 = BABY |
751 |
-6.7M |
6.1K |
121.4K |
🟢 Bulls 225.3M vs Bears 80.3M = 2.8:1 bulls. Chart is GREEN. The heaviest Market Maker exposure sits above spot at 757 — bulls own the board.
☕ RANGE ZONE
|
Zone |
Why |
|---|---|
|
750 — 757 |
Price sits between the #1 Abs strike (757) and #2 Abs (750). A strong trend is harder to form inside this band — expect grind and chop until price breaks 757 up or loses 750 down. |
Commentary: 752 carries the highest total volume on the board (173K) and 753 the next (112K) — no clean call/put split for either, so they stay out of the flow table. Both are battle strikes inside the range.
🎯 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. On a grind day, patience at the levels pays.
⚖️ 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.
🪽 THE IKIGAI CREED
No Pilot Left Behind.
— Q Levels Trading | Coffee With Q ☕
⚖️ 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 participating in this program, you acknowledge that 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.
— Q Levels Trading | Coffee With Q ☕