☕ SPY ZERO DTE June 24, 2026 EDGE News 

📌 TLDR — START HERE (read this if nothing else)

Tuesday delivered a -10.25 pt drop from 743.67 → 733.42. 

Daddy Bear migrated DOWN to 735 with 3.3x weight reload (-36.2M, 10K put OI). Bears stacked above (735) AND below (730). 

Spot trapped in tight 2.28 pt coil at LL. MM deeply defensive (-16.01 below Flip).

📊 The Setup In Plain English

Spot 733.42 | Max Pain 746 | Flip 749.43 (spot -16.01 below — deeply defensive) 

Structure: LH 735.60 

LL 733.32

Spot just +0.10 above LL. 

📋 TV Values — Copy & Paste Before Market Open

SPY String:

749,748,750,733.42,746,749.43,740,730,735,735

SPX String:

7490,7480,7500,7334.2,7460,7494.3,7400,7300,7350,7350

Options Flow (Strike, Calls, Puts):

735, 66K, 75K

740, 79K, 6K

745, 27K, 0

730, 0, 52K

739, 29K, 0

736, 0, 0

🧭 TL;DR — The Three Paths

Main Thesis: Structure (spot at LL in tight coil) + Levels (Daddy Bear 735 wall RIGHT above spot, only +1.58) + Cluster (10.72:1 bears, microscopic bulls) = bear-dominant setup. The 735 strike with -36.2M and 10K put OI is the day’s primary rally fade wall. Bull recovery is uphill against very heavy resistance with no bull support nearby.

⚖️ Quick Disclaimer

Not investment advice. These levels are NOT buy/sell signals. Trading involves substantial risk. Educational only. Full disclaimer at bottom.

📊 Q LEVELS — WHERE SPOT IS AND WHERE MM IS EXPOSED

Spot is here: 733.42 (Tuesday close, -10.25 pts from Monday’s 743.67). Max Pain: 746. Flip line: 749.43 — spot is 16.01 points BELOW it.

What the Flip line means in plain English

The Flip is the line where Market Makers switch behavior.

When price is ABOVE the Flip line: MMs are calm. They sell when price runs up, they buy when price drops. They cushion moves. This creates sticky prices and slow trends.

When price is BELOW the Flip line: MMs are defensive. They have to sell when price drops AND sell when price rises just to protect themselves. They stop cushioning. They start helping moves go further.

Today, spot is 16.01 points BELOW the Flip — deeply defensive territory, much worse than yesterday’s -5.84. MMs are amplifying any move significantly. Combined with the heavy Daddy Bear at 735 right above spot, bull bounces face heavy MM selling pressure.

Confirmed: Spot 733.42. Max Pain 746.

The setup is heavy bear with rally cap right above spot.

Where MM is exposed today — DADDY BEAR 735 IS THE STORY

The 735 strike is the dominant feature today — combined absolute MM exposure of 41.5M (biggest on the board) with -36.2M net negative and 9,988 put OI. That’s nearly 10K puts at a single strike.

Why this matters in plain English:

Daddy Bear at 735 sits just +1.58 above current spot. That’s incredibly close. With this much short put hedging concentrated at one strike right above spot, every dollar UP from current 733.42 forces MM to sell more stock to hedge the short puts. The closer price gets to 735, the harder MM sells.

Result: any bounce attempt hits a self-reinforcing wall at 735. Bulls have to absorb massive MM selling pressure to break through. Without conviction buying, the wall holds and bounces fail.

Translation for today: the 735 rally fade is the day’s primary feature. Bounces die there unless heavy bull conviction. The path of least resistance is sideways chop in the coil OR bear extension below LL 733.32 if sellers push.

Where MM is exposed today (full breakdown)

MM is exposed here (ABOVE and AT spot — heavy bear stack):

• 735 — bear position size -36.2M (Daddy Bear — +1.58 above spot, 10K put OI)
• 740 — bear position size -6.9M (Baby Bear — +6.58 above)
• 739 — heavy two-sided (10.5M absolute)
• 736 — heavy two-sided (8.3M absolute)

MM is exposed here (BELOW spot — moderate bear):

• 730 — bear position size -7.3M (Mama Bear — -3.42 below spot)

Total bears: -50.4M concentrated 730-740 zone with Daddy heaviest at 735.

MM is exposed here (Bull positions FAR ABOVE — microscopic):

• 750 — bull position size +1.9M (Daddy Bull — at Flip)
• 748 — bull position size +1.4M (Mama Bull)
• 749 — bull position size +1.4M (Baby Bull)

Total bulls: +4.7M (microscopic dust). Bears outweigh bulls 10.72 to 1.

🎯 WHAT WILL HAPPEN IF PRICE MOVES

IF price drops and breaks LL 733.32 with 5m hold below:

• The FIRST stop is VAL 733.68 (essentially the same level — Value Area Low).
• Then 730 Mama Bear (-7.3M) — moderate magnet -3.42 below.
• MM behavior: with the massive Daddy Bear 735 short put position, MM has been hedging by being short stock. As price drops further, MM keeps adding short stock — self-reinforcing pressure.
• BUT — total bear cluster below 735 is moderate (730 -7.3M only). Without heavy bears between 730-720, the cascade doesn’t have strong magnets.
• In plain words: lose LL with conviction = drift to 730 area, then potential continuation but slows without heavy magnets below.

IF price tries to bounce up toward LH 735.60:

• The FIRST friction is POC 734.57 (Point of Control — heaviest volume zone, gravity).
• Then VAH 737.04 — Value Area High.
• The LH 735.60 sits between POC and VAH.
• At 735, the Daddy Bear -36.2M wall awaits — MM sells hard.
• MM behavior: every dollar up from spot toward 735 forces MM to sell more stock. The wall self-reinforces.
• In plain words: bounces face heavy resistance starting at POC 734.57 and getting HARDER at 735. Without massive bull volume, the bounce dies at 735.

IF price clears the Daddy Bear 735 wall:

• That’s a major bull catalyst — would require huge conviction.
• Above 735, Baby Bear 740 (-6.9M) creates secondary fade.
• Then 742 / 744 OI clusters add friction.
• Beyond 745, the path opens toward Max Pain 746.
• In plain words: clearing 735 with 5m hold opens a multi-step path through 740 friction → 745 area → 746 MP. Long climb against multiple bear layers.

IF price reaches Max Pain 746:

• MP is +12.58 above spot — VERY distant in defensive mode.
• Requires bull miracle: clear 735 → 740 → 745 → 746.
• Not realistic in one session given the bear setup.
• In plain words: MP 746 is the theoretical upside pin but unreachable today without extreme bull conviction.

IF price reaches 730 Mama Bear (downside extension):

• 730 has -7.3M moderate exposure.
• Below 730, bear weight is light — the cascade slows.
• In plain words: 730 is realistic downside target if LL fails. Past that requires more sellers.

📋 Summary — What MMs Will Do at Each Level (Plain English)

Simple rules for the day:

• ✅ Lose LL 733.32 with 5m hold = drift toward 730 Mama Bear
• ✅ Watch the 735 Daddy Bear wall on any bounce attempt — that’s the SHORT zone
• ✅ Stay nimble in the tight 2.28 pt coil — moves resolve quickly
• ⚠️ Don’t BUY into 735 — that’s where MM sells hardest (-36.2M wall)
• ⚠️ Don’t SHORT at 730 unless conviction — bear weight light below
• ⚠️ Max Pain 746 is distant — not realistic today
• ⚠️ MM deeply defensive (-16 below Flip) = volatility amplified, use wider stops

🌙 GOOD NIGHT, PILOTS

See you for Sortie at 9:10 AM tomorrow.

1st Prayer and Disclaimer by Captain: @Kami Yamaguchi

✈️ PRE-FLIGHT CHECKLIST — CHARTS MUST BE READY

If your charts are not ready, we can’t offer tech support during Sortie. Contact @Kat L after if needed.

15 Min Chart:

• Seafire With Recon
• QVDD
• Candle Control (With Pivots ON)

5 Min Chart:

• Seafire With Recon
• QVDD
• Candle Control (With Pivots ON)

1 Min Chart:

• Seafire — Enable: A, B, C, E, F, G, H

PLUS:

• QVDD++
• QZ VSA 10.0
• QZ FLOW 10.0 SM

Execution: See from left to right. Execute on 1 min or 15 seconds based on your license.

Make sure you have 5 min and 15 min ready with Structure ON.

— Q ☕

📋 SUMMARY: WHAT TO WATCH

📌 Friends, Traders, and Newbies…

Lend me your eyes! Tuesday delivered a deep bear move — spot dropped -10.25 pts from 743.67 to 733.42. The sandwich setup we mapped played out to the downside. Going into Wednesday, the board is heavy bear: Daddy Bear migrated DOWN to 735 (-36.2M) with 3.3x weight reload — sits just +1.58 above current spot with 10K put OI. That makes 735 the primary rally fade wall. Total bear cluster -50.4M (Daddy 735, Mama 730, Baby 740). Bulls collapsed to microscopic +4.7M dust all positioned above Flip (no defense). Bear ratio 10.72:1 BEARS. Structure: tight LH 735.60 / LL 733.32 (2.28 pt coil) with spot at LL/VAL floor. POC 734.57 in middle as gravity. MM deeply defensive at -16.01 below Flip.

SPY: 733.42 Tuesday Close | Max Pain: 746 | Flip: 749.43

👇 Lose LL 733.32 + 5m hold below → VAL 733.68 → 730 Mama Bear (-7.3M)

👆 Bounce attempt hits Daddy Bear 735 wall (+1.58 above) — primary SHORT zone (only break with 5m hold = path to 740 → 745 → MP 746 uphill)

💡 WHY MAX PAIN MATTERS FOR ZERO DTE

Max Pain is the strike where option sellers (Market Makers) lose the LEAST money at expiration.

For Zero DTE, this is critical because:

• Options expire TODAY — no more time to wait
• MMs will push price toward Max Pain to minimize their payout
• The closer we get to 4:00 PM, the stronger the Max Pain magnet becomes
• Today’s Max Pain = 746 — sitting 12.58 pts ABOVE spot

Translation: Max Pain at 746 is FAR overhead — 12.58 pts above spot in deeply defensive mode. For MP to pull, price would need to: (1) break the Daddy Bear 735 wall, (2) clear 740 secondary fade, (3) push through 745 friction, AND (4) reach 746. That’s a multi-session climb against very heavy resistance. Not realistic today. The directional bias from MP says MMs WANT price higher than 733.42, but the bear wall at 735 keeps the move blocked. Realistic Wednesday targets are the tight coil 733-735 OR bear extension below LL toward 730.

🧭 STRUCTURE CHECK — Tuesday Close

5 Min Structure:

Q ALGO™ Status: LH + LL BEARISH structure — TIGHT 2.28 pt coil at LL/VAL with massive bear above

What this means: Tuesday’s bear move ended in a tight coil at the LL/VAL floor. The LH 735.60 is the structural ceiling — right at the Daddy Bear 735 zone (the rally fade wall). POC 734.57 sits in the middle as volume gravity. Bears stacked heavy with Daddy 735 just above spot and Mama 730 below. Bulls are dust above Flip. The day decides quickly: lose LL with 5m hold = bear extension to 730. Bounce attempt = hits 735 wall hard. Most likely default: sticky chop in the tight 2.28 pt coil with premium burning until one side breaks decisively.

Unfilled Fair Value Gaps: Specific FVG levels not provided. Use the structural levels (LH/LL/POC/VAH/VAL) and the bear cluster strikes (730/735/740) as primary references.

🚨 BEAR MIGRATION TRACKER

The Daddy Bear migrated DOWN -5 strikes with massive 3.3x reload — bears stacked heavy at 735:

Key takeaway: Daddy Bear migrated DOWN -5 strikes from 740 to 735 and weight tripled (-11.1M → -36.2M). The 735 strike has 9,988 put OI — substantial put wall. With spot at 733.42, the Daddy Bear sits just +1.58 above — RIGHT in the rally fade position. This is the primary feature of today’s setup. Mama Bear at 730 is -3.42 below spot creating moderate downside pull. Baby Bear at 740 is the secondary upside cap. Total bear cluster -50.4M (vs Tuesday’s -30.9M, 1.6x reload).

📊 DECISION TABLE

⚠️ LEVELS = YOUR EDGE

No levels = No trade.

These levels MUST be read with:

• ☕ Morning PRE-MARKET briefing
• 🧭 Structure (LH 735.60 / LL 733.32 — tight 2.28 coil)
• 📊 All 6 structure points
• 🧠 Daddy Bear 735 wall (+1.58 above spot) = primary rally fade, day’s most important level

Levels alone don’t tell you to buy or sell. They tell you WHERE to watch.

☕ Also read the PRE-MARKET update in your VIP room.

📋 To Be Fair to All:

1. Do not post your trades publicly — only share with Gary or Q confidentially.
2. The levels are key levels, but price can always change — no one controls the market. No crystal ball. No guarantees.
3. We will post the tape after the fact — to avoid any misunderstanding during live calls.
4. IF you create a student zoom room and you are bringing in paid members you are supposed to take permission. IKIGAI, Q or G and our associates and undertakings are not liable in any manner whatsoever directly or indirectly. Please review your agreement.
5. We will not cherry pick. You will see the good, the bad, and the ugly.
6. We’ll continue doing weekly calls to help you maintain clarity with structure.

🚨 WHAT ARE Q LEVELS? (READ THIS OR LOSE MONEY)

Q Levels are NOT support and resistance.

Q Levels are strikes where Market Makers who are EXPOSED will HEDGE. When price reaches these levels, MM activity creates reactions — but that does NOT mean you enter a trade.

Q Levels are 1 of 6 structure points. You need ALL 6 to make a trade decision:

❌ Q Levels alone = You will lose money ✅ Q Levels + 5 other structure points = You have an edge

🚨 THE 5-MINUTE RULE

WRONG: “Price hits 733.32, I wait 5 minutes, then I enter.”

RIGHT: “Price hits 733.32, I watch if it HOLDS above/below for 5+ minutes while checking structure. If it holds AND structure confirms, THEN I look for an entry.”

The 5-minute hold is CONFIRMATION, not a green light.

⚙️ Q ALGO™ TIMEFRAME PRESSURE

📍 TODAY: Price at 733.42 = +0.10 above LL, -2.18 below LH, -12.58 below MP, -16.01 below Flip = 🐻🐻 DEEP DEFENSIVE WITH HEAVY RALLY WALL

🐻🐻 CHART IS RED — HEAVY BEAR. Spot sits 16.01 pts below the Flip in deeply defensive mode. The dominant feature: Daddy Bear 735 (-36.2M, 10K put OI) sits just +1.58 above current spot creating a self-reinforcing rally fade wall. Bull cluster microscopic (+4.7M dust) all positioned above Flip — no defense available. Tight 2.28 pt coil between LH and LL. Mama Bear 730 (-7.3M) below provides moderate downside pull. The day’s path: lose LL 733.32 with 5m hold = drift to 730. Bounces hit the 735 wall HARD. Bull recovery requires breaking 735 with massive conviction (uphill against -36.2M short put hedging). Most likely default: chop in tight 2.28 coil with POC 734.57 as gravity.

🎯 THE THREE BEARS / THREE BULLS

THE THREE BEARS (SHORT LEVELS):

THE THREE BULLS (LONG LEVELS):

🐻🐻 BEARS DOMINATE — 10.72:1. Bear cluster -50.4M vs Bull cluster +4.7M (dust). Ratio = 10.72:1 BEARS — bears reloaded heavily (was -30.9M Monday → -50.4M today, 1.6x). Daddy Bear MEGA at 735 is the primary feature. Bulls collapsed to dust (+21.8M → +4.7M, -78%). The bull positions are all microscopic AND positioned above Flip — they provide NO defense in defensive mode. Today’s bull cluster is essentially non-existent for actionable trading.

☕ RANGE ZONE

🔥 WEDNESDAY FACTOR

Tuesday’s sandwich setup played out to the downside — spot dropped -10.25 pts from 743.67 to 733.42. Bears took the lower path completely. Going into Wednesday, the board is HEAVY BEAR: bear cluster reloaded 1.6x with Daddy Bear migrating DOWN -5 strikes from 740 to 735 and tripling in weight (-11.1M → -36.2M). The Daddy Bear 735 strike has 9,988 put OI — substantial put wall sitting just +1.58 above current spot. That’s the day’s primary feature: every bounce attempt faces self-reinforcing MM selling at 735 to hedge the massive short put position. Bull cluster collapsed -78% to dust (+4.7M total) and is all positioned far above Flip — provides zero defense. MM moved much deeper defensive (-16.01 below Flip vs -5.84 yesterday). Structure tight at LL 733.32 with POC 734.57 gravity in the middle. The Wednesday playbook: (1) Most likely default — sticky chop in 733-735 tight coil with premium burning, POC 734.57 as volume gravity; (2) Bear extension on LL 733.32 break with 5m hold = drift to VAL 733.68 → 730 Mama Bear (-7.3M moderate magnet); (3) Bull recovery requires conviction break above 735 Daddy Bear wall + 5m hold = uphill path through 740 secondary fade → 745 friction → MP 746 (multi-session climb). The 735 wall is the day’s most important level — both as SHORT zone on rally and as the gatekeeper for any bull recovery.

THE FULL SERIES:

🎯 WE DON’T TRADE EMOTIONS — WE LOOK FOR CLUES

The Q ALGO™ Checklist:

Not all checklist items need to align = build your edge based on your own edge.

DAVID’S CORNER — Print This Page

TACTICAL LEVELS

📚 FVGs and Unfilled Gaps — In Plain English

A Fair Value Gap (FVG) is a spot on the chart where the market moved so fast it skipped a price zone — like a car driving past a gas station too fast to stop. Smart Money (the big players moving size) wanted that price level, but they didn’t get to fill all their orders before the move ran. So the market leaves an unfinished piece of business behind.

Unfilled FVGs are unfinished business. The market remembers. Price almost always comes back — sooner or later — to “fill” that gap, like Smart Money returning to the gas station they missed. Once the gap is filled, the market is even. Until then, the gap acts like a magnet pulling price back to it.

Two types of FVGs:

• 🔴 Bear FVGs = supply zones where sellers didn’t get to sell enough. Act as RESISTANCE above price.
• 🟢 Bull FVGs = demand zones where buyers didn’t get to buy enough. Act as SUPPORT below price.

Today’s setup: Specific FVG levels not provided in today’s data. The chart provides Value Area data: POC 734.57 (Point of Control — heaviest volume gravity zone in the middle of the coil), VAH 737.04 (Value Area High — friction above LH), VAL 733.68 (Value Area Low — coincides with LL 733.32). Use these along with the structural levels and the bear cluster (735 Daddy / 730 Mama / 740 Baby) as primary references. The 735 Daddy Bear wall with -36.2M and 10K put OI is by far the most important single level today — it’s the rally fade wall AND the heaviest absolute exposure on the entire board (41.5M). Wait for clean structure break (LH 735.60 above OR LL 733.32 below) with 5m hold before committing to direction.

📊 YOUR LEVELS — ALL TV DATA IN ONE BLOCK (FINAL REMINDER)

Copy and paste these into TradingView before market open.

SPY TradingView String:

749,748,750,733.42,746,749.43,740,730,735,735

Enter in the QZ ALGO Magnets

SPX TradingView String:

7490,7480,7500,7334.2,7460,7494.3,7400,7300,7350,7350

Add in Seafire under Daily Magnets

Options Flow (Strike, Calls, Puts):

735, 66K, 75K

740, 79K, 6K

745, 27K, 0

730, 0, 52K

739, 29K, 0

736, 0, 0

🔍 SPY SCRIPT VALIDATION TABLE (For Praveen and the Pilots)

Rule: Sequence is role-based, NOT price-based. Order is fixed: B3 → B2 → B1 → SPOT → MAX PAIN → FLIP → S3 → S2 → S1 → ABS. Today, 735 appears twice (Daddy Bear AND ABS top — same strike serves both roles as the heaviest single-strike bear AND heaviest two-sided magnet on the board). The 735 strike is the day’s most important level — primary rally fade wall just +1.58 above spot. Bulls all positioned far above Flip (microscopic, no defense). Tight coil 733.32-735.60 is the day’s primary action zone.

⚖️ 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.

— Q Levels Trading | Coffee With Q ☕🐻