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

☕ SPY ZERO DTE June 26, 2026 EDGE News – VIP LEVELS 

📊 The Setup In Plain English

Spot 732.7 | Max Pain 739 | Flip 743.67 (spot -10.97 below — defensive) 

Structure: HH 736.06 

LL 731.38 — TIGHT 4.68 pt coil. 

Spot just +1.32 above LL. (See spot at pre-market report).

Bears EXTREME at -158.7M (Daddy 730 MEGA, Mama 729, Baby 733 right above spot). Bulls light +17.1M (all above Flip). Ratio 9.28:1 BEARS.

📋 TV Values — Copy & Paste Before Market Open

SPY String:

739,740,745,732.7,739,743.67,733,729,730,730

SPX String:

7390,7400,7450,7327,7390,7436.7,7330,7290,7300,7300

Options Flow (Strike, Calls, Puts):

730, 0, 115K

735, 101K, 64K

733, 0, 65K

740, 82K, 0

737, 59K, 0

729, 0, 0

🧭 TL;DR — The Three Paths

Main Thesis: Structure (tight coil at LL) + Levels (Baby Bear 733 RIGHT at spot, Daddy MEGA 730 below) + Cluster (9.28:1 bears, -158.7M massive) = bear-dominant Friday setup. The 730 MEGA pulls hard if LL fails. Bull recovery requires clearing 733 wall first, then climbing through friction to Max Pain 739.

⚖️ 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: 732.7 (Thursday close, -4.20 pts from Wednesday’s 736.9). Max Pain: 739. Flip line: 743.67 — spot is 10.97 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 10.97 points below the Flip — defensive mode with widening cushion-loss from yesterday’s -10.52. MMs amplify moves. With the heavy bear cluster below, downside extensions get accelerated by MM hedging.

Confirmed: Spot 732.7. Max Pain 739.

The setup is heavy bear with Daddy MEGA below and Baby right above.

Where MM Has the HEAVIEST Hedging Today

The 730 strike is the heaviest hedging zone — combined MM exposure of 78.5M absolute with net -67.4M and 19,959 put OI. That’s a major put wall just -2.7 pts below current spot.

Why this matters in plain English:

When MM has built a huge short put position at one strike close to spot, that strike acts as a SELF-REINFORCING DOWNSIDE MAGNET. Two things happen:

1. As price drops toward 730, MM has to sell more stock. With 20K puts at 730, every dollar lower means MM hedges more aggressively by selling additional stock/futures. This creates self-feeding selling pressure.
2. The closer price gets, the harder MM sells. It’s a feedback loop — price moves down, MM sells, price moves down more, MM sells more.

Translation for today: if LL 731.38 cracks with 5m hold below, the mechanical pull to 730 activates fast. Bears get help from MM hedging at every step down.

Where MM is exposed today

MM is exposed here (BELOW spot — MEGA bear stack):

• 730 — bear position size -67.4M MEGA (Daddy Bear — 20K put OI, -2.7 below spot)
• 729 — bear position size -48.5M (Mama Bear — -3.7 below)
• 733 — bear position size -42.8M (Baby Bear — RIGHT ABOVE SPOT at +0.3)

The 733 Baby Bear sitting just +0.3 above spot is unusual — it creates immediate rally fade resistance.

Total bears: -158.7M — heaviest cluster since June 18’s record MEGA. 8x reload from Thursday’s -19.8M.

MM is exposed here (ABOVE Flip — light bulls):

• 745 — bull position size +6.4M (Daddy Bull — far above Flip)
• 740 — bull position size +5.7M (Mama Bull — at Max Pain zone)
• 739 — bull position size +5M (Baby Bull — at Max Pain)

Total bulls: +17.1M — light, all positioned above the Flip (no defense below).

🎯 WHAT WILL HAPPEN IF PRICE MOVES

IF price loses LL 731.38 with 5m hold below:

• The FIRST stop is the Daddy Bear MEGA at 730 (-67.4M) — -1.38 below LL.
• MM behavior: with 20K put OI at 730, every dollar lower triggers more MM short hedging. The move accelerates.
• Below 730, Mama Bear 729 (-48.5M) adds another -1 pt of heavy bear weight.
• In plain words: clean LL break = mechanical drop into 730 MEGA. Self-reinforcing pressure. The bears will help the move.

IF price holds LL 731.38 and tries to bounce up:

• The FIRST obstacle is Baby Bear 733 (-42.8M) sitting just +0.3 above spot.
• 733 is a heavy short — MM sells immediately on any bounce attempt.
• Above 733, the 734 / 735 friction (40.4M / 74.6M absolute) creates a heavy supply zone.
• Then HH 736.06 is the structural ceiling.
• MM behavior: every bounce hits MM selling at 733, then heavier at 735 area.
• In plain words: bounces face heavy resistance starting +0.3 above spot at 733. Tough climb through 734-735 friction. Clean break above HH 736.06 with 5m hold = bull break attempt.

IF price breaks HH 736.06 (uphill bull case):

• Above HH, the path opens to 737 (15.5M absolute friction) → 739 Baby Bull + Max Pain dual magnet.
• The 740 Mama Bull (+5.7M) adds light support above MP.
• MM behavior: above HH, MM in defensive mode but bulls have lighter resistance to clear.
• In plain words: clean break of HH 736.06 with 5m hold = path opens toward 739-740 Max Pain dual magnet. Uphill but reachable with bull conviction.

IF price reaches Max Pain 739:

• MP 739 sits +6.3 above spot — realistic upside target IF bulls clear HH.
• 739 also doubles as Baby Bull (+5M) — light support.
• 740 Mama Bull (+5.7M) just above adds another layer.
• In plain words: 739 is today’s upside pin candidate. Reachable if bulls clear the heavy bear wall at 733-735. Friday pin gravity intensifies after 2 PM.

IF price reaches 730 MEGA (downside extension):

• 730 has -67.4M with 20K put OI — biggest single magnet on board.
• Once reached, MM absorbs heavily — sticky pin candidate on downside.
• In plain words: 730 is today’s primary downside destination if LL cracks. Sticky absorption likely once arrived.

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

Simple rules for the day:

• ✅ Lose LL 731.38 with 5m hold = mechanical drop into 730 MEGA (sell signal)
• ✅ Reach 730 = sticky absorption, watch for bounce or continuation
• ✅ Clear Baby Bear 733 + break HH 736.06 with 5m hold = bull climb to 739 MP
• ⚠️ Don’t BUY at 733 — that’s where MM sells first
• ⚠️ Friday-specific: premium burns 60-70% in afternoon, MP gravity intensifies after 2 PM
• ⚠️ MM defensive (-10.97 below Flip) = volatility amplified, wider stops

✈️ 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! Thursday’s bull break above LH 734.66 didn’t extend — spot pulled back -4.20 pts from 736.9 to 732.7. Going into Friday, bears RELOADED HEAVY: Daddy Bear at 730 reloaded to -67.4M with 20K put OI (8x reload, biggest since June 18’s record). Mama Bear 729 (-48.5M). Baby Bear 733 (-42.8M) sits RIGHT ABOVE current spot at +0.3 — immediate rally fade. Total bear cluster -158.7M is one of the heaviest of the recent series. Bull cluster light +17.1M with Daddy 745 / Mama 740 / Baby 739 — all positioned above the Flip 743.67 (no defense). Bear ratio 9.28:1 BEARS. Structure: tight HH 736.06 / LL 731.38 (4.68 pt coil) with spot +1.32 above LL.

SPY: 732.7 Thursday Close | Max Pain: 739 | Flip: 743.67

👇 Lose LL 731.38 + 5m hold below → 730 Daddy MEGA (-67.4M) self-reinforcing pull → 729 Mama

👆 Clear Baby Bear 733 + break HH 736.06 → 734-735 friction → 739 Max Pain dual magnet

💡 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 = 739 — sitting 6.3 pts ABOVE spot

Translation: Max Pain at 739 is realistically close (+6.3 above) but the path is blocked by: (1) Baby Bear 733 immediate cap, (2) 734/735 heavy two-sided friction, (3) HH 736.06 structural ceiling, (4) 737 friction. Bulls need to clear all those layers to reach MP 739. AND — the same 739 strike doubles as Baby Bull (+5M) creating a DUAL upside magnet IF bulls reach it. Friday-specific: MP gravity intensifies hourly after 2 PM. If bulls clear the bear wall, 739 is the realistic pin target. If they fail, the 730 MEGA wins. The bears are heavily loaded — the bull recovery requires conviction.

🧭 STRUCTURE CHECK — Thursday Close

5 Min Structure:

Q ALGO™ Status: STRUCTURE SHIFTING — HH + LL tight 4.68 pt coil

What this means: Thursday’s bull break above LH 734.66 didn’t extend cleanly — spot pulled back into the coil. New structure prints HH 736.06 / LL 731.38 with spot mid-coil. The tight 4.68 pt range means quick directional moves once it breaks. Bears stacked HEAVY below spot at 730 MEGA. Baby Bear 733 above spot creates immediate rally fade. The day’s path: clean break of LL 731.38 = mechanical drop to 730 MEGA. Clean break of HH 736.06 = uphill bull climb to MP 739. Most likely default: sticky chop in tight coil with premium burning (Friday rules).

Unfilled Fair Value Gaps: Specific FVG levels not provided in today’s data. Use structural levels (HH 736.06 / LL 731.38) and cluster strikes (Baby Bear 733, Daddy Bear 730, Max Pain 739) as primary references.

🚨 BEAR MIGRATION TRACKER

The Daddy Bear held at 730 but RELOADED 7.4x in weight — bears returned to MEGA territory:

Key takeaway: Bears RELOADED with massive weight at the 730 strike. Daddy Bear weight increased 7.4x (-9.1M → -67.4M) overnight. The 730 strike now has 19,959 put OI — biggest single-strike put OI since June 18’s record. Total bear cluster -158.7M (8x reload from Thursday’s -19.8M). This is one of the heaviest setups of the recent series. With Baby Bear 733 sitting just above spot creating immediate rally fade AND Daddy MEGA 730 below pulling, the structure is heavily bear-loaded.

📊 DECISION TABLE

⚠️ LEVELS = YOUR EDGE

No levels = No trade.

These levels MUST be read with:

• ☕ Morning PRE-MARKET briefing
• 🧭 Structure (HH 736.06 / LL 731.38 — tight 4.68 coil)
• 📊 All 6 structure points
• 🧠 730 MEGA bear pulls hard if LL fails; 733 Baby Bear caps rally first

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 731.38, I wait 5 minutes, then I enter.”

RIGHT: “Price hits 731.38, 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 732.7 = +1.32 above LL, -3.36 below HH, -6.3 below MP, -10.97 below Flip = 🐻🐻 BEAR-DOMINANT FRIDAY (defensive mode)

🐻🐻 CHART IS RED — HEAVY BEAR SETUP. Spot squeezed in tight 4.68 pt coil with Baby Bear 733 sitting just +0.3 above creating immediate rally cap, and Daddy Bear MEGA 730 (-67.4M, 20K put OI) just -2.7 below as the primary downside magnet. Bull cluster light +17.1M all positioned above Flip (no defense). Bear ratio 9.28:1. MM defensive (-10.97 below Flip). The day’s primary scenarios: (1) Lose LL 731.38 with 5m hold = mechanical drop into 730 MEGA, self-reinforcing pull; (2) Sticky chop in tight 731-736 coil — Friday pin candidate, premium burns hard; (3) Bull recovery requires clearing Baby Bear 733 + breaking HH 736.06 with 5m holds = uphill climb to Max Pain 739 (dual magnet with Baby Bull). Friday rules apply.

🎯 THE THREE BEARS / THREE BULLS

THE THREE BEARS (SHORT LEVELS):

THE THREE BULLS (LONG LEVELS):

🐻🐻 BEARS DOMINATE — 9.28:1. Bear cluster -158.7M vs Bull cluster +17.1M. Ratio = 9.28:1 BEARS — one of the heaviest setups of the recent series. Bears RELOADED 8x from Thursday’s -19.8M with Daddy MEGA at 730 (-67.4M). Bulls reloaded modestly (+13.9M → +17.1M, light). Daddy Bear has 20K put OI alone — massive put wall. Baby Bear 733 sitting right above spot creates immediate rally cap. All bulls positioned far above Flip = no defense in defensive mode.

☕ RANGE ZONE

🔥 FRIDAY FACTOR

Thursday’s bull break above LH 734.66 (+2.24 cushion) didn’t extend cleanly — spot pulled back -4.20 pts to 732.7. Going into Friday, the board flipped HEAVY BEAR: bears reloaded 8x with Daddy Bear MEGA at 730 (-67.4M, 20K put OI — biggest put wall since June 18’s record). Baby Bear 733 (-42.8M) sits RIGHT ABOVE spot at +0.3 creating immediate rally cap. Mama Bear 729 (-48.5M) deeper. Total bear cluster -158.7M. Bull cluster lightly grew but all positioned far above the Flip 743.67 with no defense below. Structure: tight 4.68 pt coil HH 736.06 / LL 731.38 with spot mid-coil. The Friday playbook: (1) Lose LL 731.38 with 5m hold = mechanical drop into 730 MEGA with self-reinforcing MM hedging pressure (each tick lower forces more MM selling); (2) Sticky chop in the tight 731-736 coil with premium burning hard (Friday rules — premium decays 60-70% in afternoon); (3) Bull recovery requires clearing Baby Bear 733 (+0.3 above spot) + breaking HH 736.06 with 5m hold = uphill climb through 734-735 heavy friction → 737 friction → Max Pain 739 dual magnet (where Baby Bull and Max Pain stack). Friday-specific: don’t fight Max Pain after 2 PM, quick profits only, MP gravity intensifies hourly. The 730 MEGA bears below have 20K put OI — substantial gravity. The 733 Baby Bear above sits like a wall at +0.3. Tight coil resolves quickly once one side cracks.

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. Use the heavy cluster strikes as primary references — Daddy Bear MEGA 730 (-67.4M, 20K put OI) is the most important single level today as the self-reinforcing downside magnet. Baby Bear 733 sitting just +0.3 above spot creates immediate rally cap. The 734-735 zone has heavy two-sided absorption (74.6M Abs at 735). HH 736.06 is the structural ceiling. Above HH, the path to Max Pain 739 + Baby Bull 739 (dual magnet) is reachable but requires conviction. Friday rules dominate — premium burns hard, quick profits only, MP gravity intensifies after 2 PM. Wait for clean structure break with 5m holds before committing.

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

Copy and paste these into TradingView before market open.

SPY TradingView String:

739,740,745,732.7,739,743.67,733,729,730,730

Enter in the QZ ALGO Magnets

SPX TradingView String:

7390,7400,7450,7327,7390,7436.7,7330,7290,7300,7300

Add in Seafire under Daily Magnets

Options Flow (Strike, Calls, Puts):

730, 0, 115K

735, 101K, 64K

733, 0, 65K

740, 82K, 0

737, 59K, 0

729, 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, 730 appears twice (Daddy Bear MEGA AND ABS top — same strike serves both roles as the heaviest single-strike bear AND heaviest two-sided magnet). 739 appears twice (Baby Bull AND Max Pain — dual upside magnet if bulls reach). Baby Bear 733 sitting just +0.3 above spot is today’s unusual feature — immediate rally fade wall.

⚖️ 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 ☕🐻

— Q ☕